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TL;DR Fraudulent Claims: TrustToken and TrueCoin falsely marketed TrueUSD (TUSD) as fully backed by U.S. dollars while investing in a risky offshore fund. SEC Settlement: Both companies agreed to pay $163,766 each in civil penalties, with TrueCoin also paying $340,930 in disgorgement and $31,538 in interest.
US SEC and crypto firms TrueToken and TrueCoin have arrived at an agreement to settle charges. The two companies faced charges from the regulator regarding the issuance of stablecoin TUSD.
The firms behind TrueUSD, a USD-pegged stablecoin, have been charged by the U.S. Securities and Exchange Commission.
The US Securities and Exchange Commission (SEC) has settled with TrueCoin and TrustToken, the companies behind TrueUSD stablecoin, for $700,000.
The U.S. Securities and Exchange Commission (SEC) announced settled charges against crypto companies Trusttoken Inc. and Truecoin LLC. The charges allege fraudulent misrepresentations and unregistered sales of investment contracts related to the stablecoin trueusd (TUSD). U.S.
On Tuesday, the Securities and Exchange Commission (SEC) disclosed that TrueCoin LLC and TrustToken Inc., the parties behind the TrueUSD (TUSD) stablecoin, improperly invested nearly all their reserves in a speculative offshore fund. This revelation led to a settlement of charges against the companies for fraudulent and unregistered sales of investment contracts.
The US Securities and Exchange Commission (SEC) has charged TrueCoin and TrustToken with fraudulent and unregistered sales of investment contracts involving the TrueUSD (TUSD) stablecoin, and lying about its backing, according to a Sept. 24 statement.
In a significant development in the cryptocurrency regulatory landscape, TrueCoin LLC and TrustToken Inc., the companies behind the TrueUSD (TUSD), have reached a settlement with the United States Securities and Exchange Commission (SEC) over allegations of fraud and unregistered sales of investment contracts.
The securities regulator claims the token is undercollateralized and its backing funds are in a risky overseas investment.
The U.S. SEC said it reached a settlement with TrueCoin LLC and TrustToken Inc., following charges involving the sale of stablecoin TrueUSD.
The US Securities and Exchange Commission (SEC) has announced charges settlement with TrustToken, the issuer of the TrueUSD stablecoin. TrustToken and TrueCoin were both named in the settlement as the markets regulator said they offer unregistered securities to investors.
The Securities and Exchange Commission announced a settlement with TrustToken and TrueCoin for defrauding investors regarding TrueUSD.
TrueCoin LLC and TrustToken Inc. were charged with fraudulent and unregistered sales of investment contracts over TrueUSD.
Binance Margin will delist TUSD from Cross and Isolated Margin pairs on July 24, 2024, affecting BTC/TUSD and TUSD/USDT pairs.
Binance announces updates to its zero-fee trading structure for TUSD spot and margin trading pairs, effective from July 16, 2024.
Cloud-based multi-asset platform Uphold has begun notifying some of its customers about its decision to suspend support for Tether's USDT, and Gemini's GUSD among other stablecoins.
Binance, the world's largest cryptocurrency exchange, announced the delisting of several spot trading pairs due to poor liquidity and trading volume. This decision is part of Binance's periodic review process aimed at maintaining a high-quality trading environment for its users.
The TrueUSD stablecoin is natively available on four chains – Ethereum, BSC, Tron, and Avalanche – with all others available in wrapped versions.
Stablecoin TrueUSD (TUSD) affiliated with Justin Sun lost nearly 80% in market capitalization after crypto exchange Binance removed several trading pairs with it. TrueUSD (TUSD), a stablecoin issued by the TrustToken platform, which currently operates as Archblock, declined by 78.
The announcement by Binance to stop supporting XRP could have some negative sentiment on the coin as various speculations about the possible reasons are expected to start flying.
Binance, the top cryptocurrency exchange, has made waves by announcing the end of supporting XRP, adding an unexpected twist to the market narrative. Despite this, the XRP price has shown a slight recovery, reflecting the resilience of investors amid these developments.
Binance Futures discontinues support for XRP and TUSD as margin assets in the Multi-Assets Mode from 2024-05-28 06:00 (UTC).
Over the past week, the stablecoin trueusd (TUSD) experienced a notable decrease in its supply. As of March 19, 2024, the circulation was approximately 1.1 billion TUSD, which then plummeted to just 612 million.
The exchange, renowned for its commitment to user safety and maintaining a secure platform, disclosed its plans on March 13, 2024, indicating the removal of COMP/TUSD, EDU/TUSD, and PENDLE/TUSD pairs, alongside BNB pairs with Arpa and EduCoin. These changes are scheduled to take effect on March 15, 2024, at 3:00 am UTC.
