Texas State Securities Board Issues Cease and Desist Order to Crypto Promoters

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Texas State Securities Board Issues Cease and Desist Order to Crypto PromotersTexas State Securities Board Issues Cease and Desist Order to Crypto Promoters

The Texas State Securities Board (SSB) has issued an emergency cease and desist order to a network of cryptocurrency-related firms, the SSB announced in an official statement July 12.

SSB commissioner Travis J. Iles took emergency action on July 11, suspending a group of crypto-related companies that allegedly offered fraudulent crypto investments to state residents. According to the order, the companies are immediately suspended from offering securities in Texas until the security is registered or exempt.

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