TexitCoin founder Bobby Gray (aka Rob Gray and Robert J. Gray), has confirmed he won’t return to the US pending criminal charges.

In response to a question about returning to the US on a TexitCoin “Miner Update” held on February 24th, Gray answered;

[20:42] So as you may recall I was in Hong Kong, speaking the next day at a crypto conference … when all this stuff dropped. So it was very coincidental that I was not in the US when this happened.

I would say that, if it happened when I was in the US and I left, that you could call that running. But since I was already out of the US on planned business?

And some people will say, “Well you probably knew. You probably had a heads up.” No I didn’t have a heads up.

But, as far as coming back, yeah I want to because … I do agree it would show our community good stuff.

But I gotta get to the point first where I’m one hundred percent sure that this thing is not gonna devolve into criminal charges. 

TexitCoin criminal charges would be the result of an FBI and DOJ investigation, leading to Gray’s indictment. This may have already happened under seal.

The point is unless the FBI and/or DOJ make contact (which usually doesn’t happen), neither Gray or his attorneys will have any idea whether TexitCoin criminal charges are pending.

What Gray can do is make it difficult to apprehend him in the event criminal charges follow Texas’ securities fraud cease and desist, which appears to be the play.

As of late February Gray claims to be in Singapore. Gray states, on or around February 24th, he travelled from Istanbul, Turkey to Asia.

It’s unclear how long Gray was in Turkey. He is believed to have previously been hiding out in Dubai but left the UAE “as world events unravel”.

The US doesn’t have an extradition treaty with Dubai or Hong Kong. The US does have an extradition treaty with Singapore, however it’s extremely limited and, notably, excludes money laundering.

Other relevant financial crimes, such as wire fraud, securities fraud and conspiracy to commit both, which are typical in MLM Ponzi scheme cases, are not explicitly covered.

There is a provision for…

Obtaining money, valuable security, or goods, by false pretences; receiving any money, valuable security, or other property, knowing the same to have been stolen or unlawfully obtained.

…however this has an obvious “but I didn’t know!” loophole.

For now, Singapore seems to be a compromise between Dubai and ongoing conflict in Iran – as Gray himself acknowledges;

[16:42] I would really love to be in Dubai at this very moment … but Dubai is right across the street from Iran.

Dubai has long been the MLM crime capital of the world. The chance of Gray getting arrested in Dubai is practically nil.

I should also point out that while federal securities charges brought by the SEC are civil in nature, this is not necessarily the case with the Texas State Securities Board (TSSB).

TSSB ordered Gray to immediately cease TexitCoin promotions and operations across Texas on February 11th, 2026.

Gray seems to have taken the emergency order, effective immediately upon being issued, as more of a suggestion.

[3:54] Normally I’ve got a whole room full of besties but unfortunately many of my besties are Texans and so, uh ahem, I have to encourage them to get off.

“Encouraging” Texans to not watch or participate in publicly accessible TexitCoin corporate updates, during which Gray continues to promote TexitCoin, is unlikely to satisfy the terms of TSSB’s order.

TSSB’s order was clear in typical “cease and desist” terminology;

It is therefore ORDERED that Respondents immediately CEASE AND DESIST from offering for sale any security in Texas until the security is registered with the Securities Commissioner or is offered for sale pursuant to an exemption registration under the Texas Securities Act.

It is unclear whether TexitCoin has blocked access to its websites within Texas and locked accounts of its Texas investors.

Failure to comply with TSSB’s fraud order brings with the risk of criminal charges. This is especially prudent within the context of non-compliance as Gray, when not on the run abroad, is otherwise a Texas resident.

Speaking of investors, Gray now blames them for TexitCoin’s TXC token collapse.

[38:47] A lot of questions popping up right now in the chat group about “what’s the plan for the price?”

And if that’s your question I gotta push back a little bit. Because you gotta remember that this is a community currency project and it’s our obligation to find ways to use this thing to make it valuable.

[39:12] What that means is if you’re sitting here on this call, waiting for somebody else to do something to affect the price, then you’re one of the people that is contributing to the case that the state of Texas has.

[39:33] We have a community currency. We’ve said from day one that, as we set up this thing, the thing that we’re doing different from everybody else that’s ever done this before is we’re not mining bitcoin. We’re mining texitcoin.

Well what’s texitcoin? It’s a worthless coin.

It’s a worthless coin unless we come together as a community to give it value.

Well how do we give it value?

We give it value by trading it, by spending it, by accepting it. We give it value by building apps and dapps and tools and utilities, that require it for that thing to function.

Gray’s push for “utility” came only after TSSB’s securities fraud order. Up until that point, TexitCoin pitched investors on the promise of a passive return.

Gray’s own corporate TexitCoin marketing saw him pitch consumers on a “path to $16 by February 2026”.

Our long-term goal is clear: A $16 market value for TEXITcoin by February 2026.

Gray had hoped to achieve this by new investment:

Metcalfe’s Law — More users = more value

Want to Help Us Hit $16? Join the mine. Share the mission. Build the community.

Join the mine = invest. Share the mission = promote TexitCoin to new investors. Build the community = get new recruits to invest.

And in the event TexitCoin investor recruitment collapsed, existing investors were expected to invest more – to the tune of $100 million:

TexitCoin recruitment has collapsed, as evidenced by TXC currently trading at around 16 cents:

While TSSB’s fraud cease and desist order certainly sped things up (top investors/promoters cashing out), BehindMLM noted TexitCoin’s collapse began in December 2025.

This was typical of a fraudulent investment scheme, wherein the only source of value is new investment, struggling to sustain itself against holiday period withdrawals.

With TexitCoin’s recruitment model collapsed, Gray has pivoted to a “utility token” marketing narrative.

Downtown Digital Dollars is an attempt at a TXC payment processor serving “small towns and cities’. Fair Money is an attempt at an inhouse public exchange.

I’ll let Gray himself explain why TexitCoin’s post recruitment-collapsed pivots are unlikely to go anywhere;

[7:02] Honest money doesn’t pivot. Honest money doesn’t drastically change direction when something happens. A court order … you know it’s like, you’ve got all these normal challenges and complications in the business and entrepreneurial worlds.

And you know what the entrepreneur does is he pivots. “Oh that didn’t work, yeah no problem we’ll just pivot.” And I hate the word pivot. Pivot is another way of saying, “We got it wrong, now it’s time for us to do something probably totally different than what we were doing before.”

And that’s extremely challenging to me … [because] honest money doesn’t pivot.

TexitCoin was pitches as a typical passive returns MLM crypto Ponzi. What happens after the fact is irrelevant – especially to TexitCoin investors as baloney about utility is not what they were pitched on.

Invest now for less and wait for $16 a token by February 2026. That was the pitch. And more importantly, with respect to TSSB’s fraud order and any pending criminal proceedings, all that matters.