SB 2174

bill strips auditing from crypto custodian rules

Died in committee

Verdict: No flags

No flagsInitial review

Initial review · graded Oct 20, 2026 · Headline, summary and grade are analysis of the bill text, not a finding about any person · How we grade

Caption

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

Caption from analyzed text · version I.

Summary

Digital asset service providers lose the auditing side.

The bill strips the auditing side out of Texas's rules for digital asset service providers, the companies that hold crypto for customers. It removes the requirement that an auditor be able to view, at any time, a pseudonymized version of customer account information, and it repeals Section 160.004(d), (e), and (f), including the report a provider had to submit when applying for a new money transmission license. Providers must still plan for customers to see a quarterly accounting of what they hold and are owed, and the bill updates the license cross-references from Chapter 151 to Chapter 152, starting September 1, 2025.

Labels

Labels: NEVER GOT A HEARING. Filed Mar 10, 2025 and referred to the Senate Business & Commerce committee. No public hearing. The bill died.

Receipt

The receipt

89R-SB2174 · 2025-03-10

SOLD BY

Sen. Tan ParkerRSenate 12

ITEM

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

WHAT IT DOES

Digital asset service providers lose the auditing side.

CHARGES

[ ] NONE FOUND

TOTAL

No fiscal note in the loaded record.

HISTORY

Mar 10, 2025Received by the Secretary of the Senate
Mar 10, 2025Filed
Mar 24, 2025Read first time
Mar 24, 2025Referred to Business & Commerce

FILED UNDER

No verified beat found.

No flags

THANK YOU FOR CHECKING THE RECEIPT

CAMPAIGN PAID FOR BY

Tan Parker

Donors

Texas Stock Exchange | TXSE Group PAC$40K Texas REALTORS Political Action Committee$25K The Peck Family Trust$25K

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 28, 2024 to Jun 29, 2026. 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.

Texas Stock Exchange | TXSE Group PAC$40,000.00

Texas Stock Exchange | TXSE Group PAC

$40,000.00

Cash: $40,000.00
Paid by others: $0.00
Total: $40,000.00

Also funds 10 other sitting lawmakers.

Derived recipient stock · Feb 17, 2026 to Oct 16, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Feb 17, 2026 to Jun 25, 2026. 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: 101060289.

Texas REALTORS Political Action Committee$25,250.00

Texas REALTORS Political Action Committee

$25,250.00

Cash: $25,000.00
Paid by others: $250.00
Total: $25,250.00

fundraiser $250.00

Also funds 140 other sitting lawmakers.

Derived recipient stock · Jul 2, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Dec 4, 2024 to Oct 9, 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: 100986801, 101009904, 101031351.

The Peck Family Trust$25,000.00

The Peck Family Trust

$25,000.00

Cash: $25,000.00
Paid by others: $0.00
Total: $25,000.00

Also funds 1 other sitting lawmakers.

Derived recipient stock · Dec 14, 2024 to Sep 18, 2026. State data as of Nov 4, 2026.

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

Sources

Derived itemized flow · on Dec 14, 2024. 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: 100986801.

Money

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

Texas Stock Exchange | TXSE Group PAC

$40,000.00

Cash: $40,000.00
Paid by others: $0.00
Total: $40,000.00

Also funds 10 other sitting lawmakers.

Derived recipient stock · Feb 17, 2026 to Oct 16, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Feb 17, 2026 to Jun 25, 2026. 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: 101060289.

Texas REALTORS Political Action Committee

$25,250.00

Cash: $25,000.00
Paid by others: $250.00
Total: $25,250.00

fundraiser $250.00

Also funds 140 other sitting lawmakers.

Derived recipient stock · Jul 2, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Dec 4, 2024 to Oct 9, 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: 100986801, 101009904, 101031351.

The Peck Family Trust

$25,000.00

Cash: $25,000.00
Paid by others: $0.00
Total: $25,000.00

Also funds 1 other sitting lawmakers.

Derived recipient stock · Dec 14, 2024 to Sep 18, 2026. State data as of Nov 4, 2026.

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

Sources

Derived itemized flow · on Dec 14, 2024. 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: 100986801.

Votes

No floor vote loaded for this bill.

Fiscal

No fiscal note in the loaded record.

How this was graded

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

Sources

Texas Senate · Filed Mar 10, 2025

03/24/2025 S Referred to Business & Commerce

Texas Legislature Online · Introduced

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

Senate committee · Business & Commerce · Final status: Died in committee

Companion

HB 4233 by Capriglione (identical)

Subjects

Electronic Information Systems

Financial--General

ASSETS

AUDITS & AUDITORS

Text

The text as introduced · 251 words

89R15308 MLH-F

By: Parker
S.B. No. 2174

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.