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TX SB2174
Bill
Status
3/10/2025
Primary Sponsor
Tan Parker
Click for details
AI Summary
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Removes the requirement for digital asset service providers to grant auditors access to view pseudonymized customer account information at any time
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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
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Updates statutory references from Chapter 151 to Chapter 152 and from Subchapter D to Subchapter C regarding money transmission license requirements
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Repeals Sections 160.004(d), (e), and (f) of the Finance Code, eliminating certain reporting requirements for digital asset service providers
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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