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SEC filed charges against TrueCoin and TrustToken over fraud and offering of unregistered investment contracts. TrueCoin issued the TrueUSD (TUSD) stablecoin, while TrustToken operated the TrueFi lending protocol. The regulator alleges stablecoin TUSD had 99% of its reserves invested in an offshore fund as of September 2024. The Securities and Exchange Commission (SEC) has charged […]
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SEC charges TrustToken and TrueCoin for defrauding investors
