# Texas resolves securities allegations against Voyager Digital entities

> Texas entered a consent order resolving allegations that Voyager entities offered unregistered crypto-related securities, acted without required dealer or agent registration, and made misleading statements concerning the Voyager Earn Program.

- URL: https://riadefi.com/regulation/2026-03-20-texas-voyager-digital-securities-consent-order/
- Posture: Enforcement
- Authorities: Texas State Securities Board
- Event date: 2026-03-20
- Version: 1, published 2026-08-07 (first published 2026-08-07)
- Advisor-relevant: yes

## What changed

Texas entered a consent order resolving allegations that Voyager entities offered unregistered crypto-related securities, acted without required dealer or agent registration, and made misleading statements concerning the Voyager Earn Program.

## Who it affects

- Crypto lending and brokerage platforms, investment advisers, promoters, and Texas investors

## What is still open

- Claims, distributions, and obligations arising through bankruptcy or other jurisdictions

## What it means for an advisor

- Confirm state securities and intermediary registration, product characterization, yield-program disclosures, custody, insolvency, and promotional representations.

## Sources

1. [Texas resolves securities allegations against Voyager Digital entities](https://ssb.texas.gov/news-publications/texas-state-securities-board-enters-consent-order-voyager-digital-entities) · Texas State Securities Board · 2026-03-20


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.