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      By: Capriglione (Senate Sponsor - Parker) H.B. No. 4233          (In the Senate - Received from the House May 15, 2025;   May 16, 2025, read first time and referred to Committee on Business &   Commerce; May 25, 2025, reported favorably by the following vote:     Yeas 11, Nays 0; May 25, 2025, sent to printer.) Click here to see the committee vote     A BILL TO BE ENTITLED   AN ACT     relating to reporting and auditing requirements for digital asset   service providers.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 160.004(c), Finance Code, is amended to   read as follows:          (c)  A digital asset service provider shall create a plan to   allow[ :                [ (1) ]  each digital asset customer to view at least   quarterly an accounting of:                 (1)  [ (A) ]  any outstanding liabilities owed to the   digital asset customer; and                 (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   read as follows:          (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  Sections 160.004(d), (e), and (f), Finance Code,   are repealed.          SECTION 4.  This Act takes effect September 1, 2025.     * * * * *