TITLE: Texas State Securities Board Enters Consent Order with Voyager Digital Entities
BODY:
On March 23, 2026, the Texas State Securities Board (TSSB) announced the entry of a Consent Order dated March 20, 2026, resolving enforcement proceedings against Voyager Digital Ltd., Voyager Digital Holdings, Inc., and Voyager Digital, LLC (collectively, Voyager). The TSSB's Enforcement Division had investigated Voyager's securities-related activities under the Texas Securities Act.
Voyager operated a cryptocurrency brokerage platform enabling customers to buy, sell, trade, and store digital assets. The platform also offered the Voyager Earn Program, an interest-bearing product allowing customers to earn returns on deposited digital assets. On April 12, 2022, the TSSB initiated administrative enforcement proceedings by issuing a Notice of Hearing alleging violations of state securities laws, including the offering and sale of unregistered securities, acting as unregistered dealers and agents, and making materially misleading and deceptive statements to investors.
On July 5, 2022, Voyager filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York. In March 2023, the Bankruptcy Court confirmed Voyager's liquidation plan, appointing a Plan Administrator to oversee the asset liquidation process and creditor distributions. Voyager is no longer operating and continues liquidating its assets for the benefit of creditors.
Deputy Securities Commissioner Cristi Ramón Ochoa stated: "This Consent Order brings resolution to our enforcement action and reflects the agency's ongoing commitment to protecting Texas investors." The TSSB 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.
REFERENCES:
Texas State Securities Board. (2026, March 23). Texas State Securities Board Enters Consent Order with Voyager Digital Entities. Retrieved from https://www.ssb.texas.gov/