The Texas State Securities Board (TSSB) clarified recently that FTX is not facing enforcement action yet.
Previously, the TSSB wrote to a judge overseeing the auction process for Voyager's remaining assets, requesting that FTX's acquisition of Voyager's assets should be paused until regulators from the state complete an investigation into whether FTX complies with securities laws. The TSSB thought FTX might offer unregistered securities products through its yield-bearing service.
However, Joseph Rotunda, director of the TSSB's enforcement division, said that the file submitted to the court was "a declaration that talked about an investigation". "It means we're gathering information," he added, "If I was ready to make an accusation, and it got to the point of being about an enforcement action, I will make my accusations in a public document."
FTX
Policy and Regulation
