Texas Securities Commissioner Issues Cease and Desist Order to Crypto Investment Firm

The Securities Commissioner of the U.S. State of Texas has issued an Emergency Cease & Desist Order (C&D) against crypto investment firm My Crypto Mine and its principal Mark Steven Royer, published to the regulator’s website Nov. 27.

The C&D claims that “sufficient evidence has been found” to substantiate that Royer, “acting on behalf of a white-collar criminal [Bruce Bise] and disbarred attorney [Samuel Mendez], offered tokens that are now nearly worthless” via a crypto investment scheme dubbed “BitQyk.”

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