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Senate passes bill updating reporting and auditing rules for digital asset providers, adds crypto-kiosk consumer protections
Summary
House Bill 42 33 passed the Senate with floor amendments that add regulatory safeguards for cryptocurrency kiosks, including transaction holds, identification checks and operator registration.
The Texas Senate passed House Bill 42 33 on final passage after adopting a floor amendment that folded in protections for cryptocurrency kiosks alongside broader changes to reporting and auditing requirements for digital asset service providers.
Senator Bryan Parker, the floor sponsor, said the bill aligns Texas law with federal accounting requirements for digital-asset custodians and removes outdated auditing practices that required auditors to access anonymous customer financial data. "This creates a…
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