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SB 2174

AN ACT relating to reporting and auditing requirements for digital asset

Senate Bill • Parker
Filed

Filed

Bill introduced by legislator

Committee

Hearing

Passed Cmte

Calendar

Passed

Sent

Enrolled

Governor

Signed

89th Regular Session

Jan 14, 2025 - Jun 2, 2025 • Session ended

Awaiting Committee Assignment

Bill filed, pending referral to Senate committee

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Committee

Not yet assigned

Fiscal Note

Not available

What This Bill Does

relating to reporting and auditing requirements for digital asset

Subject Areas

Electronic Information Systems AUDITS & AUDITORS ASSETS Financial--General

Bill Text

relating to reporting and auditing requirements for digital asset
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1.  Section 160.004(c), Finance Code, is amended to
(c)  A digital asset service provider shall create a plan to
[(1)]  each digital asset customer to view at least
(1) [(A)]  any outstanding liabilities owed to the
(2) [(B)]  the digital asset customer's digital assets
held in custody by the digital asset service provider[; and
[(2)  an auditor to access and view at any time a
pseudonymized version of the information made available to each
digital asset customer under Subdivision (1)].
SECTION 2.  Section 160.005(a), Finance Code, is amended to
(a)  In addition to any other requirements under Subchapter C
[D], Chapter 152 [151], a digital asset service provider must
comply with the requirements of this chapter to obtain and maintain
any money transmission license under Subchapter C [D], Chapter 152
[151].  [A digital asset service provider applying for a new money
transmission license under Subchapter D, Chapter 151, must submit
to the department the report required by Section 160.004(d).]
SECTION 3.  Sections 160.004(d), (e), and (f), Finance Code,
SECTION 4.  This Act takes effect September 1, 2025.

Bill History

filed

Bill filed: AN ACT relating to reporting and auditing requirements for digital asset

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