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.
In the last 24 hours, the crypto regulatory sphere has sprung into action. While a convict in the FTX collapse, Caroline Ellison received her court statement, Sam Bankman-Fried’s case was further extended. On the other hand, Congressman Tom Emmer bashed Gary Gensler in a recent court meeting on his approach to crypto regulations.
Meanwhile, the SEC has made a settlement announcement with TrustToken and TrueCoin in the recent TUSD fraud investigation. According to the SEC, the two crypto companies will pay settlement fees of $163,766 each. TrueCoin will pay an additional $340,930 disgorgement fee with prejudgement interest of $31,538.
Notably, the two cryptocurrency firms faced charges of providing fraudulent information to investors of TUSD coin. The SEC said, that TrueToken and
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