The bill, H.B. No. 4233, amends the Finance Code to enhance the reporting and auditing requirements for digital asset service providers. Specifically, it modifies Section 160.004(c) to require these providers to create a plan that allows customers to view an accounting of their outstanding liabilities and digital assets held in custody at least quarterly. The previous requirement for auditors to access a pseudonymized version of customer information has been removed.

Additionally, Section 160.005(a) is amended to change the subchapter designation from D to C for the money transmission license requirements, while repealing Sections 160.004(d), (e), and (f), which likely contained previous reporting obligations. The bill is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Finance Code 160.004, Finance Code 160.005 (Finance Code 160)