🏴󠁵󠁳󠁴󠁸󠁿 Texas cryptocurrency businesses agree to halt token offerings after cease and desist

Four Texas cryptocurrency businesses have settled with the state securities regulator, the Texas State Securities Board (SSB), and agreed to stop offering cryptocurrency tokens to investors. The SSB viewed the token offerings as unregistered securities following recent interpretation of securities legislation by the regulator. The companies will pay a $25,000 administrative fine.

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