SEC Charges TrueCoin and TrustToken for defrauding investors

Two crypto companies, TrustToken and TrueCoin, have been charged by the SEC for defrauding their investors related to a stablecoin investment program. The Security and Exchange Commission announced fraud-related charges against TrueCoin and TrustToken in a press release today, September 2024. The basis of these charges were the unregistered and scam sales of investment contracts,