TrustToken (now Archblock), TrueCoin Settle With U.S. SEC Over Fraud Accusations in Stablecoin

“TrueCoin and TrustToken sought earnings for themselves by exposing buyers to substantial, undisclosed dangers by way of misrepresentations in regards to the security of the funding,” mentioned Jorge G. Tenreiro, appearing chief of the SEC’s Crypto Belongings & Cyber Unit, in an announcement. “This case is a major instance of why registration issues, as buyers in these merchandise proceed to be disadvantaged of the important thing info wanted to make totally knowledgeable selections.”