[The U.S. SEC and TrueUSD-related companies reach a settlement on fraud charges] Golden Finance reported that the U.S. Securities and Exchange Commission (SEC) has reached a settlement with companies related to the TrueUSD (TUSD) stablecoin. These companies include TrustToken and TrueCoin, which have now been reorganized under Archblock. The SEC accused them of misrepresenting the reserve support of TUSD and failing to register to issue securities related to TUSD. These California companies claimed that TUSD had a one-to-one dollar reserve, but actually invested the funds in high-risk overseas commodity funds. According to the settlement agreement, TrustToken and TrueCoin will each pay a fine of $164,000 and return approximately $400,000 in profits and interest. The SEC pointed out that these companies knew about the redemption problem of TUSD in 2022 and conducted unregistered securities sales through their platform TrueFi. The SEC emphasized that this case highlights the importance of registration for protecting investors. The current market value of TUSD is close to US$500 million, and more than 13% of TUSD funds have been used for profitable opportunities on the TrueFi platform.