Texas State Securities Board Enters Consent Order with Voyager Digital Entities
Texas State Securities Board
AUSTIN, TEXAS (News Release) March 23, 2026 — The Texas State Securities Board announced today the entry of a Consent Order dated March 20, 2026, resolving allegations against Voyager Digital Ltd., Voyager Digital Holdings, Inc., and Voyager Digital, LLC (collectively, Voyager).
The Consent Order follows an investigation by the TSSB’s Enforcement Division into Voyager’s securities-related activities under the Texas Securities Act. Voyager operated a cryptocurrency brokerage platform that allowed customers to buy, sell, trade, and store digital assets. Voyager also offered an interest-bearing product known as the Voyager Earn Program, which enabled customers to earn returns on deposited digital assets.
On April 12, 2022, the TSSB initiated administrative enforcement proceedings against Voyager by issuing a Notice of Hearing alleging violations of state securities laws. These allegations included 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 plan to liquidate Voyager’s assets and distribute these assets to creditors.
Under the confirmed plan, a Plan Administrator was appointed to oversee the liquidation process and creditor distributions. Voyager is no longer operating and is in the process of liquidating its assets for the benefit of creditors.
“This Consent Order brings resolution to our enforcement action and reflects the agency’s ongoing commitment to protecting Texas investors,” said Deputy Securities Commissioner Cristi Ramón Ochoa. “I commend our Staff’s efforts and continued hard work over the last four years.”
The Texas State Securities Board is the state agency responsible for regulating the securities industry in Texas and protecting investors from fraud.
The Texas State Securities Board 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.
Investors with questions or concerns regarding this matter may contact the Enforcement Division of the Texas State Securities Board at enforceinfo@ssb.texas.gov or 512-305-8392.
