Cryptocurrency Enforcement

Enforcement Actions

The Texas State Securities Board was the first state securities regulator to enter an enforcement order against a cryptocurrency firm and to date the Securities Commissioner has entered more than 50 administrative orders involving individuals and entities.

2022

Feb. 14: BlockFi Lending LLC

Feb. 21: Wireless Management, LLC

Apr. 13: Sand Vegas Casino Club

May 10: Flamingo Casino Club

2021

Mar. 14: Delta Crypt Limited DBA Binance Assets DBA BinanceAssets LTD DBA Bit Kind LTD

Mar. 14: Digitaly Invest and FxSmart-Robots

Mar. 15: DailyForex247 AKA DialyForex247 AKA Futureview Express AKA Pocket Option

Apr. 16: Bitles Limited AKA Bitle$, Janis Lacis, C3 Data Services, and Edward Carter

Apr. 27: Affort Projects S.A.; AlgorAndTrade24; AuxillaryFX Ltd AKA AuxilliaryFX AKA Auxilliary FX; CryptoTradeDailyPlus; CryptoStreamTrade AKA CryptoStream AKA Crypto$tream; Exerlo; FXTradePlus24; FXVirwoxFair; Nexetral; Prime Coin Option AKA PrimeCoinOption; SplitFXTrade AKA OandaForexTrade; TradeFlow 24 AKA TradeFlow24; TradeOptionMarket AKA Trade Option Market; ViaForexTrade; XpressTrade24; and XpressTrade247

Apr. 29: Hyperion Trust LLC AKA HyperionTrust AKA Hyperion Mutual Trust AKA Hyperion Assets Limited AKA Hyperion Assets Management Limited

Apr. 30: EscoCapital AKA Esco Capital

Jun. 17: Keye Midas Wealth Management Worldwide AKA Keye Midas Wealth Management Servics AKA Key Midas Private Wealth Management Services AKA KMWM

Aug. 11: Prestige Assets Mgnt, LLC

Sep. 15: Immortal Assets

Sep. 16: Riek Capital AKA Reik Capital Investment AKA Reik Capital Distributors, LLC

Nov. 10: Treasure Growth LLC AKA Treasure Growth AKA Treasure Growth Investment AKA Treasure Growth Investments

2019 - 2020

2017 - 2018

Investor Guide to Cryptocurrency Offerings

Introduction: Investing v. Speculating

Fiat v. Virtual Currency

How Cryptocurrencies Work

Initial Coin Offerings

Digital Money, Real Risk

Enforcement Actions

Emerging Investor Threat: Cryptocurrency Offerings

The TSSB has found widespread fraud in securities tied to cryptocurrencies.

Read the results of a four-week investigation in 2017-2018 into crypto offerings and ongoing enforcement efforts.