Texas Regulator Targets Crypto Promoters Amid Bitcoin Boom

Law360 (June 28, 2019, 8:54 PM EDT) -- Noting the latest surge and tumble in the price of bitcoin, the Texas State Securities Board said Friday that a recent investigatory sweep of the cryptocurrency market has already netted three emergency orders against promoters of allegedly fraudulent schemes.

The securities regulator, which has been the most active of its fellow state agencies in policing the cryptocurrency investment space, attributed its latest probe of the market for digital assets to the "bad actors" that tend to cash in on the frenzy around bitcoin, as experienced in late 2017 when its price reached an all-time high of nearly $20,000.

"At the time,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!