United States of America: Passed Act relating to the commingling of funds by digital asset service providers (HB 1666)
Description
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…
Scope
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
subnational
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
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2023-01-26
under deliberation
2023-04-20
under deliberation
2023-05-17
adopted
2023-06-09
adopted