In a move to protect investors and maintain the integrity of the securities market in Hawaii, the state's securities board has announced a crackdown on unregistered cryptocurrency offerings. The Hawaii Securities Enforcement Branch (SEB) issued a statement on Monday, February 20, 2026, warning companies and individuals against engaging in unregistered securities activities.The SEB revealed that it has identified several companies and individuals who have been offering cryptocurrency investments to residents of Hawaii without obtaining the necessary registration or exemption from the state. These unregistered offerings are in violation of Hawaii securities laws, which require companies and individuals to register with the state before conducting any securities-related activities.The SEB emphasized that the registration process is designed to protect investors by ensuring that companies and individuals offering securities in Hawaii meet certain standards of financial disclosure and transparency. By failing to register, these companies and individuals are putting investors at risk of fraud and other financial harm.In its statement, the SEB also highlighted the risks associated with investing in cryptocurrencies, including the lack of regulation, volatility, and potential for fraud. The board urged investors to exercise caution and conduct thorough due diligence before investing in any cryptocurrency offerings.To combat the proliferation of unregistered cryptocurrency offerings, the SEB has vowed to take swift and decisive action against companies and individuals found to be in violation of Hawaii securities laws. The board warned that those found to be engaging in illegal securities activities could face fines, penalties, and other enforcement actions.The announcement from the Hawaii Securities Enforcement Branch comes amid a growing trend of cryptocurrency investments and digital asset offerings in the state. As the popularity of cryptocurrencies continues to rise, regulators are increasingly focused on ensuring that investors are protected from fraudulent schemes and unscrupulous actors.Investors in Hawaii are advised to verify the registration status of any company or individual offering cryptocurrency investments before making any investment decisions. Additionally, individuals who believe they have been the victim of securities fraud or misconduct are encouraged to report their concerns to the Hawaii Securities Enforcement Branch for investigation.As the securities board cracks down on unregistered cryptocurrency offerings, investors can be reassured that efforts are being made to safeguard the integrity of the securities market in Hawaii and protect their investments from potential harm.