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TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing

The California companies were accused by the U.S. Securities and Exchange Commission of misrepresenting the backing of stablecoin TUSD.

The U.S. Securities and Exchange Commission settled fraud accusations with firms associated with Archblock and the TrueUSD stablecoin. (Jesse Hamilton/CoinDesk)
The U.S. Securities and Exchange Commission settled fraud accusations with firms associated with Archblock and the TrueUSD stablecoin. (Jesse Hamilton/CoinDesk)