Texas and Dubai regulators have taken significant actions against unlicensed and allegedly fraudulent crypto operations. In Texas, a cease-and-desist order was issued against two individuals accused of promoting a high-return crypto scheme, which regulators claim was deceptive. Meanwhile, Dubai's Virtual Assets Regulatory Authority (VARA) has ordered seven unlicensed crypto exchanges to cease operations. These firms face potential fines ranging from AED 50,000 to AED 100,000 if they fail to comply. Additionally, the Fairdesk crypto exchange announced its shutdown over regulatory concerns. The actions by both Texas and Dubai authorities underscore a growing crackdown on illegal and unregulated activities in the cryptocurrency sector.