Regulators immediately respond to the concept of cryptocurrency stating "It is not money. You can not pay taxes in crypto" ... which is all fine and dandy to hold the view but it shows the narrow mindedness in the world view they have.

sperm and seed banks are now at risk, and thus the Texas Cattle and Agriculture Industry

If Texas does not setup regulatory guidelines to both allow and regulate innovation in cryptocurrency, the innovation is going to all come from Estonia, Lithuania, etc. or Goldman Sachs jr's who start a startup... meaning the NYC-DC financial district approves... and thus within regulation enough to start something we can all appreciate... or so seems to be the sentiment carried out in Texas

On the otherhand, Texas taking the lead to shutdown Bitconnect or at least forcing them to stop there marketing in Texas until they could show that they were not a Ponzi scheme will always look good.

And to be fair to Texas regulators, there is always reason for concern when money is being sent to a less than clear business operator.

Here is Jared Rice's own defence which provides a lot more to back up his side of the story of being a real person than the profile of the non-existant AEnigma captial.