Texas SB1498 amends civil asset forfeiture laws to include digital currency, non-fungible tokens, and stablecoins.

Texas SB1498 modifies the Code of Criminal Procedure to redefine "contraband" to include digital currency, non-fungible tokens, and stablecoins. It specifies procedures for handling seized digital assets, including transferring them to secure wallets not connected to exchanges or networks. The bill also outlines conditions under which property can be forfeited, including use in or facilitation of various felonies and misdemeanors. The changes apply to property seized after the bill's effective date of September 1, 2025.

Texas SB1498 amends civil asset forfeiture laws to include digital currency, non-fungible tokens, and stablecoins.

Texas SB1498 modifies the Code of Criminal Procedure to redefine "contraband" to include digital currency, non-fungible tokens, and stablecoins. It specifies procedures for handling seized digital assets, including transferring them to secure wallets not connected to exchanges or networks. The bill also outlines conditions under which property can be forfeited, including use in or facilitation of various felonies and misdemeanors. The changes apply to property seized after the bill's effective date of September 1, 2025.