đ Big news in the crypto world! The SEC has settled fraud accusations with firms linked to Archblock and TrueUSD (TUSD) stablecoin. TrustToken and TrueCoin, now under Archblock, allegedly misrepresented TUSD's backing and sold unregistered securities. đ§
The SEC claims TUSD's reserves were invested in risky offshore funds, not 1:1 dollar-backed as advertised. The firms will pay fines and return profits, pending court approval.
What are your thoughts on this settlement? Is it a wake-up call for the industry? Drop your comments below! đ #CryptoNews #Blockchain #TUSD
