In a move to protect investors from cryptocurrency scams, Texas securities regulators announced on February 20, 2026, that they are cracking down on fraudulent schemes in the state.The Texas State Securities Board (TSSB) revealed that they have taken enforcement actions against several companies and individuals involved in promoting fraudulent cryptocurrency investments. These actions include cease and desist orders, fines, and even criminal charges in some cases.One of the companies targeted by the TSSB is Crypto Wealth LLC, which was found to be offering unregistered securities to Texas residents through a multi-level marketing scheme. The company promised high returns on cryptocurrency investments without disclosing the risks involved. The TSSB ordered Crypto Wealth LLC to cease all activities in the state and pay a substantial fine for violating securities laws.In another case, the TSSB issued a cease and desist order against a group of individuals running a Ponzi scheme that promised investors unrealistic returns on their cryptocurrency investments. The scheme ultimately collapsed, leaving investors with significant losses. The TSSB is working with local law enforcement agencies to bring the perpetrators to justice.Texas Securities Commissioner, John Morgan, emphasized the importance of investors being vigilant and conducting thorough research before investing in any cryptocurrency opportunity. "Cryptocurrency investments can be highly risky and volatile, and it is crucial for investors to be cautious and skeptical of any promises of guaranteed returns," said Morgan.The TSSB has also launched an educational campaign to raise awareness about the risks associated with investing in cryptocurrencies. They have published resources on their website to help investors spot common red flags of fraudulent schemes and protect themselves from falling victim to scams.Investors in Texas are urged to report any suspicious cryptocurrency offerings to the TSSB to help protect themselves and others from falling prey to fraudulent investment schemes. The crackdown on cryptocurrency scams by Texas securities regulators is part of a broader effort to safeguard investors and maintain the integrity of the financial markets in the state.