Texas SB1941 mandates digital asset service providers to file annual reports with the department.

Texas SB1941 amends the Finance Code to require digital asset service providers to file a report with the department within 90 days after the end of each fiscal year. The report must include an attestation of outstanding liabilities to digital asset customers, evidence of customer assets held by the provider, and an attestation report prepared by an independent certified public accounting firm. This bill affects digital asset service providers and aims to ensure transparency and accountability in their operations.

Texas SB1941 mandates digital asset service providers to file annual reports with the department.

Texas SB1941 amends the Finance Code to require digital asset service providers to file a report with the department within 90 days after the end of each fiscal year. The report must include an attestation of outstanding liabilities to digital asset customers, evidence of customer assets held by the provider, and an attestation report prepared by an independent certified public accounting firm. This bill affects digital asset service providers and aims to ensure transparency and accountability in their operations.