On February 20, 2026, the District of Columbia Securities Commission (DCSC) announced a series of enforcement actions against companies allegedly involved in fraudulent cryptocurrency schemes. The crackdown comes in response to a significant increase in complaints regarding cryptocurrency scams targeting residents in the District of Columbia.The DCSC has filed cease and desist orders against three companies operating within the District, accusing them of offering unregistered securities in the form of cryptocurrency tokens. These companies have been accused of misleading investors with promises of high returns and failing to disclose important information about the risks associated with investing in their products.In a statement released to the press, DCSC Commissioner Maria Rodriguez emphasized the commission's commitment to protecting investors from fraudulent schemes in the rapidly growing cryptocurrency market. She warned investors to exercise caution when considering investments in cryptocurrency and to thoroughly research any company before making a financial commitment.The enforcement actions taken by the DCSC are part of a broader effort to crack down on fraudulent activity in the securities industry in the District of Columbia. The commission has been working closely with other regulatory agencies and law enforcement authorities to investigate and prosecute companies engaged in illegal securities activity.In addition to the cease and desist orders, the DCSC has also issued a warning to investors about the risks of investing in cryptocurrency. They have advised investors to be wary of any investment opportunity that promises high returns with little to no risk, as these are often signs of a potential scam.The DCSC has urged investors who believe they have been the victim of securities fraud to contact the commission immediately to report their concerns. They have also provided resources for investors to educate themselves about cryptocurrency and make informed investment decisions in the future.Overall, the District of Columbia Securities Commission's crackdown on cryptocurrency scams highlights the importance of vigilance and due diligence when investing in the rapidly evolving world of digital assets. Investors are urged to be cautious and skeptical of any investment opportunity that seems too good to be true.