United States of America: Signed Act relating to the commingling of funds by digital asset service providers (HB 1666)
Description
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…
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