Texas Fines OKX and Triple A $115K for Unlicensed Stablecoin Transmission

Texas banking regulators fined OKX $95,000 and Singapore-based Triple A Technologies $20,000 in September 2026 for receiving and transmitting stablecoins to Texas customers without a state money-transmission license. Neither company admitted wrongdoing, and both waived their rights to a hearing.

• OKX fined $95,000; Triple A Technologies fined $20,000
• Regulator deemed stablecoin receipt and transmission money transmission under Texas law
• License applications from both companies remained unapproved
• Federal GENIUS Act does not exempt exchanges and processors from state licensing