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Texas Regulators Are Investigating Crypto Exchange FTX...
Texas regulators are claiming FTX's interest earning offers qualify as unlicensed securities, and thus were illegal to offer users without approval.
FTX says they already have an application submitted and pending, but that's unlikely to be a defense (a pending application is does not give them the right to begin selling regulated investment products).
Video courtesy of CNBCSubscribe to GCP in a reader
