Texas banking regulators booted a so-called cryptocurrency “bank” from operating in the Lone Star State as such, saying the entity violated regulations and mislead people to believe it performed as a traditional financial institution.
It seems that some county officials in Collin County, Texas, knowingly, or inadvertently, have taken inconsistent positions over the power of the judiciary to interfere with their governing powers. They took one position in May in a brief to the Texas Supreme Court, but some of them are now taking the opposite position when making a decision about paying what could end up being over a million dollars for prosecuting the Texas Attorney General.
The highest criminal court in the Lone Star State has declined to hear the securities fraud case against Texas Attorney General Ken Paxton. A spokesman for Paxton said that the Attorney General is looking forward to going to trial before a jury.
The U.S. Securities and Exchange Commission (SEC) filed a civil lawsuit against Texas Attorney General (AG) Ken Paxton and others on Monday, just one week to the day before the Texas AG will represent Texas and lead more than half the states in the nation at the U.S. Supreme Court in the executive amnesty case, the United States v. Texas. The federal government is appealing their loss in the lower district court and the U.S. Court of Appeals for the Fifth Circuit. The Attorney General of Texas told Breitbart Texas, “That’s just creative timing by the Obama administration to file a lawsuit one week before I lead a twenty-six state coalition against his illegal immigration order.”
Texas Attorney General Ken Paxton has been charged with two first degree counts of securities fraud, and with a third degree felony for failing to register as a securities adviser with the Texas State Securities Board.
Following the booking and fingerprinting of Texas Attorney General Ken Paxton, here are 11 things you need to know:
Two special prosecutors appointed to look into whether Ken Paxton violated Texas securities laws or other laws have announced they will present evidence to a Collin County, Texas, grand jury soon.
