**News Flash: SEC Settles Charges Against TrueCoin and TrustToken**

The SEC has settled charges against TrueCoin and TrustToken for fraudulent and unregistered sales of investment contracts involving the TrueUSD (TUSD) stablecoin. The companies allegedly sold unregistered TUSD investment contracts from Nov 2020 to Apr 2023, falsely marketing TUSD as fully backed by US dollars. Instead, funds were invested in a risky overseas fund.

By March 2022, TUSD operations had been sold to an offshore entity. Without admitting or denying the allegations, the companies agreed to pay civil penalties and disgorgement fees. The settlements await court approval.