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 charges against True Coin and TrustToken today, September 2024, in Washington DC.
The basis of these charges were the unregistered and scam sales of investment contracts, involving the stablecoin, TUSD. TrueCoin issued TUSD, whereas TrustToken was behind the purported lending protocol called TrueFi.
Source: https://www.cryptopolitan.com/sec-charges-truecoin-and-trusttoken-for-defrauding-investors/