The Enforcement Division of the Texas State Securities Board (TSSB) has published the findings of its four-week investigation into “suspect” securities offerings tied to cryptocurrencies, in a report released April 10.
Starting Dec. 18, 2017, the division opened 32 investigations into promoters of crypto investments, none of whom were registered to sell securities in Texas and therefore – given that they were selling securities under Texas law – were operating “outside the law.”
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