Texas Financial Regulators: FTX Has Not Faced Enforcement Action, Gathering Information

According to The Block, Joseph Rotunda, director of the law enforcement department of the Texas Securities Commission, said that the regulatory authorities have not yet expressed their position on whether the encryption exchange FTX is illegal, "We are collecting information" and no enforcement actions have been taken. Foresight News previously reported that the Texas Securities Commission and others are investigating FTX US and its founder Sam Bankman-Fried (SBF), saying it may provide unregistered securities services to US residents in the form of yield deposit accounts .