July 22, 2025
Client Alert: Jurisdictional Win Shields Businesses From Texas State Securities Board Overreach
The Texas State Office of Administrative Hearings (SOAH) set aside an Emergency Cease Order issued by the Texas State Securities Board (TSSB) against Billionico Academy, Auratus, and related respondents in Texas State Securities Board v. Billionico Academy et al. (SOAH Docket No. 312-25-18829). The decision, based on a lack of personal jurisdiction, underscores robust protections for nonresident entities and individuals operating in the cryptocurrency and global business sectors.