Loading chat...
TX HB4233
Bill
Status
5/15/2025
Primary Sponsor
Giovanni Capriglione
Click for details
AI Summary
-
Removes the requirement for digital asset service providers to allow auditors to access pseudonymized customer liability and custody information at any time
-
Maintains the requirement for providers to create plans allowing customers to view quarterly accountings of outstanding liabilities owed to them and their digital assets held in custody
-
Updates statutory references from Chapter 151, Subchapter D to Chapter 152, Subchapter C for money transmission license requirements
-
Repeals Sections 160.004(d), (e), and (f) of the Finance Code, eliminating certain reporting requirements for digital asset service providers
-
Takes effect September 1, 2025
Legislative Description
Relating to reporting and auditing requirements for digital asset service providers.
Financial
Last Action
Returned from the House for further action
5/30/2025