Texas SB2174 amends reporting and auditing requirements for digital asset service providers.

Texas SB2174 modifies the Finance Code to enhance transparency and auditing for digital asset service providers. It mandates that these providers create a plan allowing customers to view quarterly accountings of their liabilities and digital assets held in custody. Additionally, it requires providers to allow auditors access to pseudonymized customer information at any time. The bill also repeals certain sections of the Finance Code and takes effect September 1, 2025.

Texas SB2174 amends reporting and auditing requirements for digital asset service providers.

Texas SB2174 modifies the Finance Code to enhance transparency and auditing for digital asset service providers. It mandates that these providers create a plan allowing customers to view quarterly accountings of their liabilities and digital assets held in custody. Additionally, it requires providers to allow auditors access to pseudonymized customer information at any time. The bill also repeals certain sections of the Finance Code and takes effect September 1, 2025.