An emergency cease-and-desist-order filed by the Texas State Securities Board against U.K.-based BitConnect is the latest sign more enforcement actions are on the way against cryptocurrencies at both the federal and state level.
The order filed Jan. 4 halting the company’s Jan. 9 initial coin offering came the same day that multiple state securities regulators advised the public to “go beyond the headlines and hype” of cryptocurrencies and fully understand the potential risks.
“The Texas State Securities Board action is consistent with the recent and heightened interest in cryptocurrency activities shown by regulators more broadly. We are likely seeing the ...
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