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News Explorer — SEC Settles With Firms Behind 'Purported Stablecoin' TrueUSD

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Sep 24, 5:51 pm
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SEC Settles With Firms Behind 'Purported Stablecoin' TrueUSD

TrueCoin LLC and TrustToken Inc., creators of TrueUSD stablecoin, were charged by the SEC for fraudulent and unregistered sales of investment contracts. The companies settled without admitting guilt, agreeing to pay around $700,000 in penalties.

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