đ¨ Breaking News in Crypto! đ¨
The U.S. SEC has settled fraud accusations with firms linked to Archblock and the TrueUSD (TUSD) stablecoin. TrustToken and TrueCoin, now under Archblock, allegedly misrepresented TUSD's backing and sold unregistered securities. They claimed TUSD had 1:1 dollar reserves, but it was actually invested in a risky offshore fund.
The firms will pay fines and return profits, pending court approval. This case highlights the importance of proper registration for investor protection.
What are your thoughts on this settlement? Share in the comments! đŹ
#CryptoNews #Blockchain #SEC #TUSD
