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BREAKING: The Texas State Securities Board just issued an EMERGENCY Cease and Desist against TEXITcoin, MineTXC, Blockchain Mint, and founder Robert J. Gray for operating what regulators call a fraudulent crypto-mining investment scheme sold through a heavy MLM (multi-level marketing) structure.
Promised "seats on the rocket ship" with daily passive returns from mining... but it relied far more on aggressive recruitment commissions than actual mining performance. Billboards, airports, social media hype – now it's grounded. Investors are left holding the bag as the "Texas by Texans" crypto dream collapses. In this video, we dive deep: The red flags everyone ignored (MLM commissions up to insane levels, security breaches, burnt liquidity)
Founder admissions that it "smells like an MLM"
Why regulators move to stop more harm
Who's to blame? The founder? Recruiters pushing friends/family? Or naive investors chasing quick gains?
If you've been pitched TEXITcoin, lost money, or know someone who did – this is a MUST-WATCH warning about crypto + MLM hybrids. Drop your story in the comments. Was this inevitable fraud... or just bad management gone wrong? Hit LIKE if you're glad Texas regulators stepped in, SUBSCRIBE for more crypto crash breakdowns, and turn on notifications!
#TEXITcoin #CryptoScam #MLM #TexasCrypto #CeaseAndDesist #RobertJGray #CryptoCrash #Warning(Include relevant timestamps, links to official SSB order if available, and disclaimers like "This is for educational/entertainment purposes – not financial advice.")
Troy Dooly is an expert communicator and ambassador of wisdom in journalism. He ensures an authentic customer journey by inspiring trust and purpose, and answering all questions.
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