KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Texas

HB4233 • 2025

Relating to reporting and auditing requirements for digital asset service providers.

Relating to reporting and auditing requirements for digital asset service providers.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Capriglione
Last action
2025-05-30
Official status
05/30/2025 S Returned from the House for further action
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relating to reporting and auditing requirements for digital asset service providers.

Relating to reporting and auditing requirements for digital asset service providers.

What This Bill Does

  • Relating to reporting and auditing requirements for digital asset service providers.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-05-30 Texas Legislature Online

    Point of order sustained. Rule 11, Section 2

  2. 2025-05-30 Texas Legislature Online

    Returned to the Senate for further action

  3. 2025-05-30 Texas Legislature Online

    Returned from the House for further action

  4. 2025-05-29 Texas Legislature Online

    Rules suspended-Intent Calendar

  5. 2025-05-29 Texas Legislature Online

    Rules suspended-Regular order of business

  6. 2025-05-29 Texas Legislature Online

    Read 2nd time

  7. 2025-05-29 Texas Legislature Online

    Amendment(s) offered. FA1 Parker

  8. 2025-05-29 Texas Legislature Online

    Amended

  9. 2025-05-29 Texas Legislature Online

    Vote recorded in Journal

  10. 2025-05-29 Texas Legislature Online

    Amendment(s) offered. FA2 Eckhardt

  11. 2025-05-29 Texas Legislature Online

    Amended

  12. 2025-05-29 Texas Legislature Online

    Vote recorded in Journal

  13. 2025-05-29 Texas Legislature Online

    Passed to 3rd reading as amended

  14. 2025-05-29 Texas Legislature Online

    Vote recorded in Journal

  15. 2025-05-29 Texas Legislature Online

    Three day rule suspended

  16. 2025-05-29 Texas Legislature Online

    Record vote

  17. 2025-05-29 Texas Legislature Online

    Read 3rd time

  18. 2025-05-29 Texas Legislature Online

    Passed

  19. 2025-05-29 Texas Legislature Online

    Record vote

  20. 2025-05-29 Texas Legislature Online

    Senate passage as amended reported

  21. 2025-05-29 Texas Legislature Online

    Senate Amendments distributed

  22. 2025-05-29 Texas Legislature Online

    Senate Amendments Analysis distributed

  23. 2025-05-28 Texas Legislature Online

    Placed on local & uncontested calendar

  24. 2025-05-28 Texas Legislature Online

    Removed from local & uncontested calendar

  25. 2025-05-28 Texas Legislature Online

    Placed on intent calendar

  26. 2025-05-25 Texas Legislature Online

    Considered in public hearing

  27. 2025-05-25 Texas Legislature Online

    Vote taken in committee

  28. 2025-05-25 Texas Legislature Online

    Reported favorably w/o amendments

  29. 2025-05-25 Texas Legislature Online

    Recommended for local & uncontested calendar

  30. 2025-05-25 Texas Legislature Online

    Committee report printed and distributed

  31. 2025-05-23 Texas Legislature Online

    Scheduled for public hearing on . . .

  32. 2025-05-23 Texas Legislature Online

    Considered in public hearing

  33. 2025-05-23 Texas Legislature Online

    Left pending in committee

  34. 2025-05-22 Texas Legislature Online

    Posting rule suspended

  35. 2025-05-19 Texas Legislature Online

    Statement(s) of vote recorded in Journal

  36. 2025-05-16 Texas Legislature Online

    Read first time

  37. 2025-05-16 Texas Legislature Online

    Referred to Business & Commerce

  38. 2025-05-15 Texas Legislature Online

    Read 3rd time

  39. 2025-05-15 Texas Legislature Online

    Passed

  40. 2025-05-15 Texas Legislature Online

    Record vote. RV#2687

  41. 2025-05-15 Texas Legislature Online

    Reported engrossed

  42. 2025-05-15 Texas Legislature Online

    Received from the House

  43. 2025-05-14 Texas Legislature Online

    Read 2nd time

  44. 2025-05-14 Texas Legislature Online

    Passed to engrossment

  45. 2025-05-14 Texas Legislature Online

    Record vote. RV#2582

  46. 2025-05-14 Texas Legislature Online

    Statement(s) of vote recorded in Journal

  47. 2025-05-11 Texas Legislature Online

    Placed on General State Calendar

  48. 2025-05-09 Texas Legislature Online

    Considered in Calendars

  49. 2025-05-07 Texas Legislature Online

    Considered in Calendars

  50. 2025-04-15 Texas Legislature Online

    Committee report sent to Calendars

  51. 2025-04-14 Texas Legislature Online

    Committee report distributed

  52. 2025-04-11 Texas Legislature Online

    Comte report filed with Committee Coordinator

  53. 2025-04-09 Texas Legislature Online

    Considered in formal meeting

  54. 2025-04-09 Texas Legislature Online

    Reported favorably w/o amendment(s)

  55. 2025-04-07 Texas Legislature Online

    Scheduled for public hearing on . . .

  56. 2025-04-07 Texas Legislature Online

    Considered in public hearing

  57. 2025-04-07 Texas Legislature Online

    Testimony taken/registration(s) recorded in committee

  58. 2025-04-07 Texas Legislature Online

    Left pending in committee

  59. 2025-03-31 Texas Legislature Online

    Read first time

  60. 2025-03-31 Texas Legislature Online

    Referred to Pensions, Investments & Financial Services

  61. 2025-03-10 Texas Legislature Online

    Filed

Official Summary Text

Relating to reporting and auditing requirements for digital asset service providers.

Current Bill Text

Read the full stored bill text 
89(R) HB 4233 - Senate Committee Report version - Bill Text

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.

* * * * *