HB 4233: auditors lose the anytime view of digital asset accounts

Caption

relating to reporting and auditing requirements for digital asset service providers.

Summary

Subsections (d), (e) and (f) go too.

The bill strips out the rule that a digital asset service provider's plan must let an auditor view, at any time, a pseudonymized version of customer account information, and it repeals subsections (d), (e), and (f) of the same section, including the report that new money transmission license applicants had to submit. It touches digital asset service providers, such as crypto custodians, that hold money transmission licenses, along with their customers and the state banking regulator. On the ground, customers still get at least a quarterly view of what they are owed and what assets are held for them, but the auditor access and report requirements are gone, and the license references are updated from Chapter 151 to Chapter 152.

Receipt

The receipt

89R-HB4233 · 2025-03-10

SOLD BY

Rep. Giovanni CapriglioneRHouse 98

ITEM

relating to reporting and auditing requirements for digital asset service providers.

WHAT IT DOES

Subsections (d), (e) and (f) go too.

The bill strips out the rule that a digital asset service provider's plan must let an auditor view, at any time, a pseudonymized version of customer account information, and it repeals subsections (d), (e), and (f) of the same section, including the report that new money transmission license applicants had to submit. It touches digital asset service providers, such as crypto custodians, that hold money transmission licenses, along with their customers and the state banking regulator. On the ground, customers still get at least a quarterly view of what they are owed and what assets are held for them, but the auditor access and report requirements are gone, and the license references are updated from Chapter 151 to Chapter 152.

CHARGES

[ ] NONE FOUND

TOTAL

No significant fiscal implication to the State is anticipated.

LBB estimate · fiscal note version E · source

Sources

Fiscal note · version E · May 22, 2025

No first-year general revenue figure available here.

LBB published estimates · flow over the stated periods.

Source snapshot 2026-10-19, Central time.

HISTORY

Mar 10, 2025Filed
Mar 31, 2025Read first time
Mar 31, 2025Referred to Pensions, Investments & Financial Services
Apr 7, 2025Scheduled for public hearing on . . .
Apr 7, 2025Considered in public hearing
Apr 7, 2025Testimony taken/registration(s) recorded in committee
Apr 7, 2025Left pending in committee
Apr 9, 2025Considered in formal meeting
Apr 9, 2025Reported favorably w/o amendment(s)
Apr 11, 2025Comte report filed with Committee Coordinator
Apr 14, 2025Committee report distributed
Apr 15, 2025Committee report sent to Calendars
May 7, 2025Considered in Calendars
May 9, 2025Considered in Calendars
May 11, 2025Placed on General State Calendar
May 14, 2025Read 2nd time
May 14, 2025Passed to engrossment
May 14, 2025Record vote RV#2582
May 14, 2025Statement(s) of vote recorded in Journal
May 15, 2025Read 3rd time
May 15, 2025Passed
May 15, 2025Record vote RV#2687
May 15, 2025Reported engrossed
May 15, 2025Received from the House
May 16, 2025Read first time
May 16, 2025Referred to Business & Commerce
May 19, 2025Statement(s) of vote recorded in Journal
May 22, 2025Posting rule suspended
May 23, 2025Scheduled for public hearing on . . .
May 23, 2025Considered in public hearing
May 23, 2025Left pending in committee
May 25, 2025Considered in public hearing
May 25, 2025Vote taken in committee
May 25, 2025Reported favorably w/o amendments
May 25, 2025Recommended for local & uncontested calendar
May 25, 2025Committee report printed and distributed
May 28, 2025Placed on local & uncontested calendar
May 28, 2025Removed from local & uncontested calendar
May 28, 2025Placed on intent calendar
May 29, 2025Rules suspended-Intent Calendar
May 29, 2025Rules suspended-Regular order of business
May 29, 2025Read 2nd time
May 29, 2025Amendment(s) offered FA1 Parker
May 29, 2025Amended
May 29, 2025Vote recorded in Journal
May 29, 2025Amendment(s) offered FA2 Eckhardt
May 29, 2025Amended
May 29, 2025Vote recorded in Journal
May 29, 2025Passed to 3rd reading as amended
May 29, 2025Vote recorded in Journal
May 29, 2025Three day rule suspended
May 29, 2025Record vote
May 29, 2025Read 3rd time
May 29, 2025Passed
May 29, 2025Record vote
May 29, 2025Senate passage as amended reported
May 29, 2025Senate Amendments distributed
May 29, 2025Senate Amendments Analysis distributed
May 30, 2025Point of order sustained Rule 11, Section 2
May 30, 2025Returned to the Senate for further action
May 30, 2025Returned from the House for further action

FILED UNDER

No verified beat found.

SIGNED FOR BY

House · 129 yea · 10 nay

Senate · 29 yea · 2 nay

Sources

House: Final passage · May 15, 2025. Journal. Published stock for this vote. Snapshot 2026-10-19, Central time.

Senate: Final passage · May 29, 2025. Journal. Published stock for this vote. Snapshot 2026-10-19, Central time.

All floor motions and other positions below.

No flags

THANK YOU FOR CHECKING THE RECEIPT

CAMPAIGN PAID FOR BY

Giovanni Capriglione

Donors

Capital One Financial Corporation Associates Political Fund$5KMurt Arnold$5,000Jason Itkin$5,000

Not tied to this bill.

Sources

The author's campaign account only. Own money and internal transfers are separate on the member page.

Derived itemized flow · Oct 31, 2024 to Oct 29, 2025. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Capital One Financial Corporation Associates Political Fund$5,000.00

Capital One Financial Corporation Associates Political Fund

$5,000.00

Cash: $5,000.00
Paid by others: $0.00
Total: $5,000.00

Also funds 1 other sitting lawmakers.

Derived recipient stock · Dec 14, 2024 to Jul 14, 2025. State data as of Nov 4, 2026.

Name match, not a verified identity: normalized filed name and state.

Sources

Derived itemized flow · on Jul 14, 2025. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101030508.

Murt Arnold$5,000.00

Jason Itkin$5,000.00

Money

Missing data does not establish zero giving. Display amounts are rounded.

×

Capital One Financial Corporation Associates Political Fund

$5,000.00

Cash: $5,000.00
Paid by others: $0.00
Total: $5,000.00

Also funds 1 other sitting lawmakers.

Derived recipient stock · Dec 14, 2024 to Jul 14, 2025. State data as of Nov 4, 2026.

Name match, not a verified identity: normalized filed name and state.

Sources

Derived itemized flow · on Jul 14, 2025. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101030508.

Votes6

Senate May 29, 2025

Yea: 29
Nay: 2
Present, not voting: Not printed
Absent: 0
Excused: 0

Names

Named positions matched to lawmakers. See the journal for unmatched names.

Senate journal

Sources

The bill was read third time and was passed by the following vote: Yeas 29, Nays 2. (Same as previous roll call)

Published stock of positions for this vote, except where marked derived.

Yea: 29 (published)
Nay: 2 (published)
Present, not voting: Not printed
Absent: 0 (derived from named list)
Excused: 0 (derived from named list)

Senate journal. Source snapshot 2026-10-19, Central time.

Senate May 29, 2025

Yea: 29
Nay: 2
Present, not voting: Not printed
Absent: 0
Excused: 0

Names

Named positions matched to lawmakers. See the journal for unmatched names.

Senate journal

Sources

Senator Parker moved that Senate Rule 7.18 and the Constitutional Rule requiring bills to be read on three several days be suspended and that HB 4233 be placed on its third reading and final passage. The motion prevailed by the following vote: Yeas 29, Nays 2.

Published stock of positions for this vote, except where marked derived.

Yea: 29 (published)
Nay: 2 (published)
Present, not voting: Not printed
Absent: 0 (derived from named list)
Excused: 0 (derived from named list)

Senate journal. Source snapshot 2026-10-19, Central time.

Senate May 29, 2025

Yea: Not printed
Nay: Not printed
Present, not voting: Not printed
Absent: Not printed
Excused: Not printed

Names

Senate journal

Names were not printed. No individual positions are inferred.

Voice vote. No numeric tally or individual yeas are inferred.

Sources

HB 4233 as amended was passed to third reading by a viva voce vote.

Published stock of positions for this vote, except where marked derived.

Yea: Not printed
Nay: Not printed
Present, not voting: Not printed
Absent: Not printed
Excused: Not printed

Senate journal. Source snapshot 2026-10-19, Central time.

Senate May 29, 2025

Yea: Not printed
Nay: Not printed
Present, not voting: Not printed
Absent: Not printed
Excused: Not printed

Names

HughesNay
MiddletonNay

Named positions matched to lawmakers. See the journal for unmatched names.

Senate journal

Names were not printed for yea. Only the named positions are included in member records.

Voice vote. No numeric tally or individual yeas are inferred.

Sources

The amendment to HB 4233 was read and was adopted by a viva voce vote.

Published stock of positions for this vote, except where marked derived.

Yea: Not printed
Nay: Not printed
Present, not voting: Not printed
Absent: Not printed
Excused: Not printed

Senate journal. Source snapshot 2026-10-19, Central time.

House May 15, 2025

Yea: 129
Nay: 10
Present, not voting: 2
Absent: 4
Excused: 5

Names

Named positions matched to lawmakers. See the journal for unmatched names.

House journal

Sources

Record 2687

HB 4233 was passed by (Record 2687): 129 Yeas, 10 Nays, 2 Present, not voting.

Published stock of positions for this vote, except where marked derived.

Yea: 129 (published)
Nay: 10 (published)
Present, not voting: 2 (published)
Absent: 4 (derived from named list)
Excused: 5 (derived from named list)

House journal. Source snapshot 2026-10-19, Central time.

House May 14, 2025

Yea: 121
Nay: 7
Present, not voting: 2
Absent: 14
Excused: 6

Names

Named positions matched to lawmakers. See the journal for unmatched names.

House journal

Sources

Record 2582

HB 4233 was passed to engrossment by (Record 2582): 121 Yeas, 7 Nays, 2 Present, not voting.

Published stock of positions for this vote, except where marked derived.

Yea: 121 (published)
Nay: 7 (published)
Present, not voting: 2 (published)
Absent: 14 (derived from named list)
Excused: 6 (derived from named list)

House journal. Source snapshot 2026-10-19, Central time.

Witnesses8

For: 5
Against: 0
On: 3

Names

For

HB Strategies2 registrations
Self1 registration
Texas Society of CPAs2 registrations

On

Self1 registration
Texas Department of Banking2 registrations

Sources

8 parsed registrations across the loaded witness lists.

Derived stock of witness registrations. Repeated appearances count separately. Organizations and self-representation appear as printed.

House witness list. Source snapshot 2026-10-20, Central time.

Senate witness list. Source snapshot 2026-10-20, Central time.

Fiscal

No significant fiscal implication to the State is anticipated.

LBB estimate · fiscal note version E · source

Sources

Fiscal note · version E · May 22, 2025

No first-year general revenue figure available here.

LBB published estimates · flow over the stated periods.

Source snapshot 2026-10-19, Central time.

How this was graded

Analysis of text version I by claude-opus-5-5, Oct 20, 2026, against the published rubric.

Sources

Texas House · Filed Mar 10, 2025

05/30/2025 S Returned from the House for further action

Texas Legislature Online · Introduced · House Committee Report · Engrossed · Senate Committee Report

Data snapshot Oct 26, 2026 at 4:20 AM CDT. Grades, charges, quotes and corrections follow the published record.

Companion

SB 2174 by Parker (identical)

Subjects

Electronic Information Systems

Financial--General

ASSETS

AUDITS & AUDITORS

Text

The text as introduced · 251 words

89R15308 MLH-F

By: Capriglione
H.B. No. 4233

A BILL TO BE ENTITLED

AN ACT

relating to reporting and auditing requirements for digital asset

service providers.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 160.004(c), Finance Code, is amended to

read as follows:

(c) A digital asset service provider shall create a plan to

allow[ :

[ (1) ] each digital asset customer to view at least

quarterly an accounting of:

(1) [ (A) ] any outstanding liabilities owed to the

digital asset customer; and

(2) [ (B) ] the digital asset customer's digital assets

held in custody by the digital asset service provider[ ; and

[ (2) an auditor to access and view at any time a

pseudonymized version of the information made available to each

digital asset customer under Subdivision (1) ].

SECTION 2. Section 160.005(a), Finance Code, is amended to

read as follows:

(a) In addition to any other requirements under Subchapter C

[ D ], Chapter 152 [ 151 ], a digital asset service provider must

comply with the requirements of this chapter to obtain and maintain

any money transmission license under Subchapter C [ D ], Chapter 152

[ 151 ]. [ A digital asset service provider applying for a new money

transmission license under Subchapter D, Chapter 151, must submit

to the department the report required by Section 160.004(d). ]

SECTION 3. Sections 160.004(d), (e), and (f), Finance Code,

are repealed.

SECTION 4. This Act takes effect September 1, 2025.

Verdict: No flags

The receipt

SOLD BY

ITEM

WHAT IT DOES

CHARGES

TOTAL

HISTORY

SIGNED FOR BY

Donors

Capital One Financial Corporation Associates Political Fund

Capital One Financial Corporation Associates Political Fund

Senate May 29, 2025

Senate May 29, 2025

Senate May 29, 2025

Senate May 29, 2025

House May 15, 2025

House May 14, 2025

For

On

Companion