SEC Reaches Settlement with TrueCoin and TrustToken on Fraud Charges

TrueCoin and TrustToken neither admitted nor denied the agency's allegations and agreed to pay $163,766 in fines each.

From November 2020 to April 2023, TrueCoin and TrustToken “engaged in the unregistered offer and sale of investment contracts in the form of the cryptoasset TUSD,” the SEC said.