Texas appears to be leading the U.S. in terms of crypto crackdowns after attacking its third cryptocurrency company this year. The latest emergency cease-and-desist order was slapped onto DavorCoin (DAV) yesterday after investigations into crypto investment programs.

The orders come from security commissioner Travis J. Iles at the Texas State Security Board (TSSB) and are handed to companies which the board deems fraudulent in nature, either through misleading claims, unclear operation mETHods or lack of sufficient registration. In yesterday’s case, the TSSB had issues with the fact that DavorCoin is ‘telling investors they can earn lucrative profits by investing in a lending program’, whereby they purchase davorcoin and then lend it back to the company. In this way, say the TSSB, DavorCoin claim that investors can earn over $100,000 USD in 120 days after an initial $30,000 investment.