TEXITcoin / MineTXC / Blockchain Mint (Robert "Bobby" Gray)
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Summary
TEXITcoin is a Texas-secession-themed cryptocurrency whose mining-investment arm (MineTXC) and marketing/cold-storage arm (Blockchain Mint) were placed under an emergency cease-and-desist order by the Texas State Securities Board on February 11, 2026, for allegedly selling unregistered securities through a multilevel-marketing 'Mining Package' scheme. Founder Robert "Bobby" Gray, who has a documented history of prior failed altcoin and alternative-currency ventures, is separately under U.S. Securities and Exchange Commission investigation and has publicly acknowledged spending millions of dollars on TXC token buybacks to prop up its price. An administrative hearing on whether to uphold the state order began in August 2026 and was ongoing as of this report; Gray denies wrongdoing through counsel.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(13 events)
2007
Liberty Dollar, the private silver-currency scheme in which Gray reportedly served as a Regional Currency Officer, was raided by federal authorities; founder Bernard von NotHaus was later convicted of counterfeiting.
How TEXITcoin Hooks Texans with Secessionist Rhetoric (Disruption Banking)2008
Gray launched the American Open Currency Standard as an alternative-currency venture after Liberty Dollar's collapse.
How TEXITcoin Hooks Texans with Secessionist Rhetoric (Disruption Banking)2012
Gray founded Mulligan Mint, a Dallas-based silver-minting company, and later Deluminati Coin.
How TEXITcoin Hooks Texans with Secessionist Rhetoric (Disruption Banking)2013
Mulligan Mint filed for Chapter 11 bankruptcy protection after a supplier alleged a large shipment of silver had gone missing.
Mulligan Mint files for bankruptcy (Dallas Observer / The E-Sylum)2021
Mulligan Mint reportedly filed for bankruptcy again and ceased operations.
TEXITcoin creator accused of fraud (Dallas Morning News, background reporting)18 November 2025
Disruption Banking published an investigative report alleging TEXITcoin overstated corporate sponsorships (including Formula 1 and Dallas Stars) and mining capacity.
Disruption Banking22 December 2025
Disruption Banking published a report in which Gray reportedly acknowledged burning through roughly $15 million in TXC buybacks and described the project's finances as being at 'Defcon 3.'
Disruption BankingFebruary 2026
Texas State Securities Board issued Emergency Cease and Desist Order No. ENF-26-CDO-1893 against TEXITcoin, MineTXC, Blockchain Mint, and Robert J. Gray.
Texas State Securities Board / Texas Public RadioFebruary 2026
Gray states he and family members/promoters received SEC subpoenas requesting information about TexitCoin, MineTXC, and Blockchain Mint (unverified beyond this single source).
BehindMLMFebruary 2026
Reporting indicates Gray relocated outside the United States following the cease-and-desist order; outlets differ on whether he went to Hong Kong or Singapore.
Disruption Banking / Texas Public RadioFebruary 2026
TEXITcoin, MineTXC, Blockchain Mint, and Gray formally requested a hearing to challenge the Texas cease-and-desist order, denying investor harm or fraud.
GlobeNewswireJuly 2026
Quinn Emanuel Urquhart & Sullivan filed a Motion for Summary Disposition on Gray's behalf seeking dismissal of the Texas securities case before the scheduled hearing.
GlobeNewswireAugust 2026
A four-day administrative hearing opened before the Texas State Office of Administrative Hearings to determine whether the emergency cease-and-desist order should be upheld.
Texas Public Radiomodel: claude-code-investigator
generated: 9/25/2026, 5:10:28 PM
last updated: 9/25/2026, 7:14:38 PM
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