Progress

Current status
in force
01 Sep 2023in force
09 Jun 2023adopted
17 May 2023adopted
20 Apr 2023under deliberation
26 Jan 2023under deliberation

Scope

Implementers
United States of America
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
legislature
Government Body
parliament
Implementation Level
subnational

Timeline of events

01 Sep 2023
in force

Implemented Act relating to the commingling of funds by digital asset service providers (HB 1666)

On 1 September 2023, an “Act relating to the commingling of funds by digital asset service providers” (HB 1666) was implemented in Texas. The Act will apply to digital asset service providers that serve more than 500 digital asset customers in the s…

Event typelaw
Action typeimplementation
Government branchlegislature
Government bodyparliament
09 Jun 2023
adopted

Signed Act relating to the commingling of funds by digital asset service providers (HB 1666)

On 9 June 2023, an “Act relating to the commingling of funds by digital asset service providers” (HB 1666) was signed by the Governor of Texas. The Act will apply to digital asset service providers that serve more than 500 digital asset customers in…

Event typelaw
Action typesigning
Government branchlegislature
Government bodyparliament
17 May 2023
adopted

Adopted Act relating to the commingling of funds by digital asset service providers (HB 1666)

On 17 May 2023, an “Act relating to the commingling of funds by digital asset service providers” (HB 1666) was adopted after being passed by the Texan Senate and House of Representatives. The Act will apply to digital asset service providers that se…

Event typelaw
Action typeadoption
Government branchlegislature
Government bodyparliament
20 Apr 2023
under deliberation

Passed Act relating to the commingling of funds by digital asset service providers (HB 1666)

On 20 April 2023, an “Act relating to the commingling of funds by digital asset service providers” (HB 1666) was passed by the Texas House of Representatives. The Act would apply to digital asset service providers that serve more than 500 digital as…

Event typelaw
Action typepassage
Government branchlegislature
Government bodyparliament
26 Jan 2023
under deliberation

Introduced Act relating to the commingling of funds by digital asset service providers (HB 1666)

On 26 January 2023, an “Act relating to the commingling of funds by digital asset service providers” (HB 1666) was introduced in the Texas Legislature. The Act would apply to digital asset service providers that serve more than 500 digital asset cus…

Event typelaw
Action typeintroduction
Government branchlegislature
Government bodyparliament