State Regulators Target Fraudulent Cryptos Posing as 'Elon Musk AI Tokens' and 'TruthGPT Coin' – Here's What Happened

The influx of new crypto projects in the market, seeking to leverage the growing interest in artificial intelligence, has attracted US regulators. Several US state regulators are initiating crackdown actions on AI-focused crypto projects touted as investments. A May 3 press release revealed that Texas led a coordinated state action against an AI crypto called TruthGPT and Elon Musk AI Token. ... Read More: State Regulators Target Fraudulent Cryptos Posing as 'Elon Musk AI Tokens' and 'TruthGPT Coin' – Here's What Happened