TX SB1941

Modifies annual reporting requirements for digital asset service providers, who must file reports with the department within 90 days after the end of each fiscal year

Changes the required attestation from "outstanding liability" to "outstanding liabilities" to digital asset customers

Removes the requirement to include a copy of the provider's plan under Subsection (c) in the annual report

Requires an attestation report prepared by an independent certified public accounting firm examining whether digital assets in custody are sufficient to meet outstanding customer liabilities "in like kind"

Provides an alternative option of an agreed-upon procedures attestation report with management acknowledgement that procedures appropriately demonstrate sufficient digital assets to meet customer liabilities

Takes effect September 1, 2025