Loading chat...

TX HB3110

Bill

Status

Introduced

2/20/2025

Primary Sponsor

Mary Perez

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • Expands the definition of "contraband" subject to civil asset forfeiture to explicitly include digital currencies, non-fungible tokens (NFTs), and stablecoins

  • Defines "digital currency" as a digital representation of value recorded on a cryptographically secured distributed ledger, including blockchain technology

  • Includes any increase in value of forfeited digital currency between the date of acquisition and forfeiture as part of the "proceeds" subject to seizure

  • Requires law enforcement agencies to transfer seized digital currencies within 72 hours to an offline wallet ("cold storage") accessible only by the law enforcement agency or attorney representing the state

  • Establishes venue for forfeiture proceedings involving digital assets in the county where the seizing law enforcement agency is located, and applies only to property seized on or after September 1, 2025

Legislative Description

Relating to civil asset forfeiture of digital currency or other similar property.

Financial

Last Action

Left pending in committee

4/22/2025

Committee Referrals

Criminal Jurisprudence3/20/2025

Full Bill Text

No bill text available