H.B. No. 4233 amends the Finance Code to enhance the reporting and auditing requirements for digital asset service providers in Texas. The bill requires these providers to create a plan that allows customers to view, at least quarterly, an accounting of any outstanding liabilities owed to them and the digital assets held in custody. The previous requirement for auditors to access a pseudonymized version of customer information has been removed, streamlining the auditing process.

Additionally, the bill updates the licensing requirements for digital asset service providers by changing the relevant subchapter from D to C in Chapter 152 of the Finance Code. It also repeals Sections 160.004(d), (e), and (f), which previously outlined additional reporting obligations. The new provisions are set to take effect on September 1, 2025.

Statutes affected:
Introduced: Finance Code 160.004, Finance Code 160.005 (Finance Code 160)
House Committee Report: Finance Code 160.004, Finance Code 160.005 (Finance Code 160)
Engrossed: Finance Code 160.004, Finance Code 160.005 (Finance Code 160)
Senate Committee Report: Finance Code 160.004, Finance Code 160.005 (Finance Code 160)