Texas State Securities Board Issues Crypto Cease and Desist Order, Fifth This Month

The Texas State Securities Board (TSSB) has issued yet another cease and desist order. This time around, the TSSB sent a cease and desist order to Panama based cryptocurrency exchange LeadInvest. The TSSB said it considers LeadInvest’s mining operations and trading platform an unregistered securities offering. Furthermore, the TSSB claims that LeadInvest has been making false and misleading claims promising 20-100 percent returns. And last but not least, the TSSB is accusing LeadInvest of using stock images of individuals who have no connection to the LeadInvest company in place of their actual employee’s images in the “Team” section of their website. This is the fifth cease and desist order issued by the TSSB this month.