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TX SB2174

Bill

Status

Introduced

3/10/2025

Primary Sponsor

Tan Parker

Click for details

Origin

Senate

89th Legislature Regular Session

AI Summary

  • Removes the requirement for digital asset service providers to grant auditors access to view pseudonymized customer account information at any time

  • Maintains the requirement that providers must create a plan allowing customers to view quarterly accounting of outstanding liabilities owed to them and digital assets held in custody

  • Updates statutory references from Chapter 151 to Chapter 152 and from Subchapter D to Subchapter C regarding 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

Referred to Business & Commerce

3/24/2025

Committee Referrals

Business & Commerce3/24/2025

Full Bill Text

No bill text available