FTX US under investigation by Texas regulator over securities allegations

The Texas State Securities Board is investigating FTX US over allegations it offers unregistered securities products in the U.S. through its yield-bearing service, according to a recent court filing.

In a statement, an FTX spokesperson said the company had already been “in talks” with the TSSB and stated that FTX have an active application for a license which has been pending, and believe that they are operating fully within the bounds of what they can do in the interim.