The Texas State Securities Board has joined a number of state regulators in challenge stop and desist orders towards Horatiu Charlie Caragaceanu and his organizations, The Shark of Wall Road and Hedge4.ai, for selling two cryptocurrencies named TruthGPT Coin and Elon Musk AI Token. The ordinances search to clamp down on what they declare is a fraudulent title scheme making an attempt to capitalize on the rising buzz round synthetic intelligence (AI).

The TruthGPT coin is marketed as a cryptocurrency that makes use of an AI system known as Elon Musk AI. The AI ​​mannequin can allegedly study a number of digital belongings, predict future cryptocurrency values, and distinguish profitable from fraudulent investments. The events concerned are additionally selling TruthGPT Coin as a really worthwhile enterprise, even claiming that its worth may improve by 10,000 occasions.

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