Cointime

  • BTC $16224.05 0.22 %
  • ETH $1172.58 0.47 %
  • BCH $110.90 0.54 %
  • SOL $13.35 0.68 %
  • XRP $0.39 0.34 %
  • BNB $292.70 0.41 %

Texas regulators are investigating crypto exchange FTX US

Cointime Staff· 1 min read

The Texas State Securities Board is investigating FTX US over allegations it offers unregistered securities products in the U.S. through its yield-bearing service.

Texas regulators are investigating crypto exchange FTX and its spend-thrift founder Sam Bankman-Fried to determine whether or not they are offering unregistered securities products.

FTX US may be violating state law governing the registration and sale of securities products because FTX Trading may be offering unregistered securities in the form of yield-bearing accounts to residents of the United States.The filing was added to the court docket on Friday.

The investigation, first reported by Barrons, is reportedly being carried out by the Texas State Securities Board which revealed the probe in a filing related to the bankruptcy case of crypto broker Voyager Digital.

All Comments