Two crypto companies involved with the TUSD stablecoin have been charged with securities violations by the U.S. Securities and Exchange Commission (SEC).

- TrueCoin and TrustToken have agreed to pay $163,766 in penalties for unregistered offerings and sales of investment contracts.

- The SEC alleges that the companies used misleading marketing tactics by promoting TUSD and TrueFi as “safe and secure.”

- Such lawsuits continue to proliferate in the crypto industry. 🚨

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