TrustToken (now Archblock), TrueCoin Settles With US SEC Over Stablecoin Fraud Allegations

“TrueCoin and TrustToken sought profits for themselves by exposing investors to substantial, undisclosed risks through false representations about the safety of the investment,” said Jorge G. Tenreiro, Acting Head of the SEC’s Crypto Assets & Cyber ​​Unit, in -a statement. “This case is a prime example of why registration matters, as investors in these products continue to be deprived of the key information needed to make fully informed decisions.”