> GUSD is FDIC insured though. Even that is a somewhat dubious claim. They even stopped emphasizing that one their website so I suspect they realize that as w

> GUSD is FDIC insured though. Even that is a somewhat dubious claim. They even stopped emphasizing that one their website so I suspect they realize that as well. > Just like your bank account dollars are no longer FDIC insured once you buy bonds with them. Then their ads and tweets shouldn't have been comparing it to a bank account. That's getting into unregistered security territory. Which again, not my opinion, but what the SEC is alleging.