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 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

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