Utah mayor is a T7X board member (Trusted Smart Chain fraud)

Trent Staggs is and has been the mayor of Riverton, Utah since 2018.

In what is potentially an abuse of office with respect to conflicts arising from verifiable securities fraud, Staggs is also a member of T7X’s Board of Directors.

In his capacity as Mayor of Riverton, Staggs appeared on a Trusted Smart Chain marketing webinar on January 28th.

In this exclusive interview, Travis Flaherty sits down with Mayor Trent Staggs, former Trump-endorsed U.S. candidate, to dive deep into the political landscape of the blockchain industry.

Trent shares his insights on the future of tokenizing real-world assets (RWAs), and why he chose to take a key position on the board of T7x.

Ah shit, here we go again…

Before we get into Stagg’s marketing “interview”, I want to frame the interview by establishing where the concern lies with respect to T7X and Trusted Smart Chain.

Trusted Smart Chain is an MLM opportunity tied to T7X, a purported “exchange specializing in real-world assets”.

This is from the FAQ section of Trusted Smart Chain’s website;

The founder of T7X also established and launched the Trusted Smart Chain (TSC) blockchain.

Practically speaking Trusted Smart Chain and T7X are the same entity run by the same people.

In violation of federal securities law, neither Trusted Smart Chain and T7X disclose company ownership on their respective websites.

In BehindMLM’s published
Trusted Smart Chain review
, we cited marketing material identifying Billy Beach, aka Mark Williams Schuler, as founder of Trusted Smart Chain and T7X.

Billy Beach’s ownership of T7X is hidden from consumers on its website. Beach is instead presented as T7X’s “VP of Business Development”.

Trusted Smart Chain’s MLM opportunity revolves around two investment opportunities built around its TSC token.

investments of $2500 ro $125,000 are solicited on the promise of passive returns, paid in TSC tokens (cited as daily token rewards)

invested in TSC tokens can be staked with Trusted Smart Chain on the promise of a share in 20% of passive returns paid out to investors

As per a
previously filed securities fraud lawsuit filed by the SEC
, pertaining to his involvement in the collapsed
iX Global
Ponzi scheme, Billy Beach is based out of Utah.

As of January 2025, SimilarWeb is tracking 100% of Trusted Smart Chain’s website traffic as originating from the US.

Despite being owned and operated from the US, efforts to conceal this from consumers include:

T7X providing a corporate address in Prague, Czech Republic on its website; and

Trusted Smart Chain failing to provide a corporate address whatsoever

Neither Trusted Smart Chain, T7X or founder Billy Beach are registered with the SEC.

Within the legal framework regulating securities (the Howey Test and Securities Exchange Act), Trusted Smart Chain and T7X are a clear-cut case of securities fraud.

Trusted Smart Chain’s answer to that is essentially “but we don’t guarantee anything”.

What Makes the TSC Node Exempt from SEC Regis

🤖 Quick Answer

Who is Trent Staggs and what are his political roles?

What is Staggs' connection to T7X?
Staggs holds a position as a member of T7X's Board of Directors, creating potential conflicts of interest given his role as mayor of Riverton.

What was Staggs' involvement in Trusted Smart Chain promotional activities?
On January 28th, Staggs appeared on a Trusted Smart Chain marketing webinar, where he discussed tokenizing real-world assets and explained his reasons for accepting a key board position at T7X.

What concerns have been raised regarding Staggs' dual roles?
Questions have emerged about potential abuse of office due to conflicts

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