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26 November 2020

Texas Financial Regulators Crack Down on 15 Alleged Crypto Scams - CoinDesk

Texas Financial Regulators Crack Down on 15 Alleged Crypto Scams - CoinDesk


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Texas regulators are going after a host of crypto firms they allege to be investment scams, 10 of which they say are are controlled by a single Texas man.

The Texas State Securities Board on Thursday ordered 15 firms to cease and desist operations with a series of emergency orders against crypto, forex and binary options hubs that purport to be based in Texas.

One firm, a crypto binary option and forex investment platform called GenuisPlanFxPro, is named in the third.

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