Texas Grounds Crypto Mining Investment ‘Rocket Ship’

AUSTIN, Texas - February 11, 2026 -The Texas State Securities Board has issued an Emergency Cease and Desist Order against TEXITcoin, MineTXC, Blockchain Mint, and their founder Robert J. Gray for alleged violations of the Texas Securities Act related to the fraudulent offer and sale of cryptocurrency mining investments to Texas residents.

The Enforcement Division of the Texas State Securities Board presented evidence showing the respondents offered passive cryptocurrency mining investments known as "Mining Packages" or what respondents often referred to as "seats on the rocket ship," which promised investors daily returns tied to mining operations. The investments were promoted through a multi-level marketing structure in which participants received commissions and bonuses to recruit additional investors.

According to the order, the Mining Packages were offered and sold in Texas without registration and neither the sales agents, nor the respondents, were registered as securities dealers or agents as required by state law.

The order further alleges that investors were not provided with the material information necessary to evaluate the investment, including but not limited to information concerning company finances, mining operations, and the custody and safeguarding of investor funds.

"I am grateful to the staff in our Enforcement Division. In cases like this, when investor harm is immediate and ongoing, it's imperative we act quickly. Their diligent, thorough and swift work will help prevent further investor harm," said Deputy Securities Commissioner Cristi Ramón Ochoa. "This also serves as a stark reminder to investors to be cautious of investment opportunities they may come across on social media channels. Especially ones promising passive returns tied to cryptocurrency mining, particularly when promotions rely heavily on recruitment incentives instead of legitimate investment performance."

The Emergency Cease and Desist Order requires the respondents to immediately stop:

• Offering or selling unregistered securities in Texas;
• Acting as unregistered securities dealers or agents;
• Engaging in fraud in connection with the offer or sale of securities; and
• Making statements that are materially misleading or likely to deceive investors.

The Texas State Securities Board encourages investors to verify registration status and carefully evaluate investment opportunities before investing. Registration information and investor education resources are available at www.ssb.texas.gov.

Investors with questions or concerns regarding this matter may contact the Enforcement Division of the Texas State Securities Board at [email protected] or 512-305-8392.