The securities regulators of 5 states, including the Texas State Securities Board (SSB), TruthGPT (TRUTH) and Elon Musk have ordered the creator of AI tokens to cease operations.
Texas SSB In the announcement published on the official website on May 3, Alabama, Montana, Kentucky And new Jersey with state regulators Actors behind Truth GPT and Elon Musk AI tokens The Shark of Wall Street operates to Hedge4.ai and Horatiu Caragaceanu. stop immediately announced that he had given the order.
Related tokens using the name of Elon Musk and a artificial intelligence activity as a marketing tool while allegedly affiliated with the project Binance CEO Changpeng Zhao (CZ) And Ethereum (ETH) Founder Vitalik Buterin’s pictures were also used. Moreover 10 thousand floors of TRUTH much that you can rise various about your promises too been used in marketing.
Elon Musk predicts future token prices of artificial intelligence model called AI to guess for machine learning state resident of the parties and alleged to have used indifferent securities service it offers was among the board’s statements.
In addition, the board decided that the tokens in question will be released in March. mentioned that it was launched as a new digital asset investment campaign.
Texas SSB member Travis J. Iles In his statement on the subject, by malicious actors for artificial intelligence projects public your excitement to be abused He said he was working on it. Iles made the following statements on the subject:
They devise plans that appear to be developing advanced artificial intelligence platforms. But their offerings are often nothing more than fraudulent, rather than artificial intelligence.
Founding Director of Texas State Securities Joe Rotundainvestors alertness, emotional movement not to and especially Internet on people they don’t know every offer made by not to evaluate He recommended.
According to Coinecko data, the latest 30 days in 19.6% depreciating TRUTHin the last 24 hours 12.2% declining as of writing 0.000364 traded at the dollar level.