Texas HB4233 amends reporting and auditing requirements for digital asset service providers.

HB4233 amends the Texas Finance Code to require digital asset service providers to create a plan allowing customers to view quarterly accountings of liabilities owed and digital assets held in custody. It also mandates that auditors can access a pseudonymized version of this information at any time. Additionally, the bill requires digital asset service providers to comply with specific chapter requirements to obtain and maintain a money transmission license. Sections 160.004(d), (e), and (f) are repealed, and the Act takes effect September 1, 2025.

Texas HB4233 amends reporting and auditing requirements for digital asset service providers.

HB4233 amends the Texas Finance Code to require digital asset service providers to create a plan allowing customers to view quarterly accountings of liabilities owed and digital assets held in custody. It also mandates that auditors can access a pseudonymized version of this information at any time. Additionally, the bill requires digital asset service providers to comply with specific chapter requirements to obtain and maintain a money transmission license. Sections 160.004(d), (e), and (f) are repealed, and the Act takes effect September 1, 2025.