Texas bill will require identity verification to use cryptocurrencies
A bill has been proposed in the state of Texas by Phil Stephenson that would require a person receiving cryptocurrencies as payment to first "verify the identity of the person sending payment." However, according to the bill, verification is not required "if the payment is sent by a verified identity digital currency.”
Texas Securities Watchdog Takes Action Against 3 Alleged Crypto Frauds
The Texas State Securities Board has taken emergency action against three crypto investment schemes it alleges are attempting to defraud local investors.
Texas Issues Cease-And-Desist To BTC ‘Investment Company’ Promised 100% Profit In 21 Days
The Texas State Security Board (TSSB) issued a cease-and-desist order May 8 to a Bitcoin investment company that reportedly offers unregistered securities and makes deceiving statements that mislead investors.
Texas Hits Another Crypto Lending Platform with Cease-and-Desist
Texas' securities agency has issued another cryptocurrency-focused emergency cease-and-desist order, this time against a lending scheme called DavorCoin.