The new law also requires greater transparency for digital asset customers at least quarterly, and annual proof-of-reserves attestation to the Texas Department of Banking within 90 days of the end of the fiscal year and when applying for a new money transmission license
Texas Governor Abbott has signed landmark legislation to ensure that digital asset service providers with Texas customers maintain adequate reserves and do not commingle customer funds.
Texas votes to add crypto to Bill of Rights, SBF seeks to dismiss charges against him, Do Kwon's bail terms officially accepted by courts all the major news from regulation and enforcement.
On May 11, a majority of Texas Lawmakers voted in favor of including people’s right to own, hold and use crypto assets, in an updated Bill of Rights. The…