'Essentially insider trading': Red state official's side hustle raises alarm bells

Texas Railroad Commissioner Wayne Christian is peddling a new crypto token tied to the value of a barrel of West Texas Intermediate crude oil, raising concerns about potential conflicts of interest given his position as an elected official to the state agency that oversees the oil and gas industry in Texas — and whose regulatory decisions could impact the value of the token.

Christian, a Republican and one of three members of the Railroad Commission, is listed as a member of the board of...