Texas: Administrative Order Entered for 16 Crypto Scams

Texas Administrative Order Entered for 16 Crypto Scams

The Texas State Securities Board have recently entered 16 administrative orders for 16 cryptocurrency scams. The state regulator then confirmed, “The emergency action effectively shut down the scam, as BitConnect almost immediately lost 99% of its market capitalization of $2.6 billion. None of the individuals or firms was registered to sell securities in Texas.”

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