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In a move to protect investors from potential scams and fraud, Texas securities regulators have issued a warning to residents about the risks associated with investing in cryptocurrency. The warning comes as the popularity of digital currencies continues to rise, with many Texans eager to get in on the action.The Texas State Securities Board has recently taken action against several firms and individuals who were found to be operating fraudulent cryptocurrency schemes. In a press release issued on November 15, 2025, the Securities Board announced that it had issued cease and desist orders to three companies accused of offering unregistered securities tied to cryptocurrency investments.One of the companies named in the orders, which included a $15 million fine, had been promising investors high returns through a cryptocurrency trading program. However, the company was found to be operating illegally and was not registered with the Securities Board.In a statement, Texas Securities Commissioner Karen Engle warned investors to be cautious when considering investing in cryptocurrency. "The rapid growth of the cryptocurrency market has attracted a new wave of fraudsters looking to take advantage of unsuspecting investors," said Engle. "It's important for investors to do their due diligence and be wary of any investment opportunity that sounds too good to be true."The Securities Board also urged investors to be wary of potential red flags, such as promises of guaranteed returns or pressure to invest quickly. Additionally, the Board reminded Texans that cryptocurrency investments are not protected by the same regulations that govern traditional investments, making them particularly vulnerable to fraud.The crackdown on cryptocurrency scams comes as part of a broader effort by Texas securities regulators to protect investors from fraudulent schemes. In recent years, the Securities Board has taken action against a number of individuals and companies engaging in illegal activities, including Ponzi schemes and unregistered offerings.Investors who believe they may have been the victim of a fraudulent investment scheme are encouraged to contact the Texas State Securities Board for assistance. With the rise of digital currencies and the proliferation of new investment opportunities, regulators are stepping up their efforts to ensure that investors are protected from potential scams and fraud.