Texas HB 1666, codified as Texas Finance Code Chapter 160, governs covered digital-asset service providers meeting customer or asset thresholds in Texas. It restricts commingling and misuse of customer funds, requires sufficient reserves, mandates quarterly accounting disclosures to customers, and requires annual reporting and auditor attestation for covered providers.
Acteffective
Texas Finance Code Chapter 160 — Digital Asset Service Providers (HB 1666)
Also known as: Texas HB 1666 / Finance Code Chapter 160 — Digital Asset Service Providers
United States Texas Department of Banking
Overview
Key Details
Jurisdiction
United StatesRegulator
Texas Department of Banking
Law Type
Act
Status
In ForceOfficial Law Number
HB 1666 (88th Legislature); Texas Finance Code Ch. 160
Official Title
Texas Finance Code Chapter 160 — Digital Asset Service Providers (HB 1666)
Enacted Date
June 9, 2023
Effective Date
September 1, 2023
Topics Covered
Who This Law Applies To
Covered digital-asset service providers meeting the Texas customer or asset thresholds under Finance Code Chapter 160.
Key Requirements
- Restricts commingling and misuse of customer digital assets by covered service providers.
- Requires sufficient reserves and customer access to quarterly accounting information.
- Requires annual reporting and auditor attestation for covered digital-asset service providers.
Official Sources
Exact official documentRelated Laws
ActIn ForceUnited States
Wyoming Decentralized Unincorporated Nonprofit Association Act (DUNA Act)
Wyoming Decentralized Unincorporated Nonprofit Association Act (SF 0050)
Added August 29, 2026Effective: July 1, 2024Ref: Wyoming Statutes §§ 17-32-101 et seq.; SF 0050 (2024)
Wyoming's DUNA Act creates a statutory legal entity form designed for decentralised unincorporated nonprofit associations, including DAOs. It provides governance, property, contracting and legal-capacity rules for DUNAs, and addresses member and administrator liability. A DUNA is distinct from Wyoming's DAO LLC framework and applies specifically to nonprofit-structured decentralised organisations.
Token IssuanceDeFi
wyoleg.govView Law Profile
ActPartially EffectiveUnited States
California Digital Financial Assets Law (DFAL)
California Digital Financial Assets Law (AB 39 / SB 401)
Added August 29, 2026Effective: July 1, 2026Ref: California Financial Code §§ 3200–3272
California's Digital Financial Assets Law (DFAL), enacted through AB 39 and SB 401 as consolidated legislation, creates a state licensing regime for digital financial asset businesses operating in California. General licensing requirements apply from 1 July 2026; earlier staged dates apply to digital-asset transaction kiosks. Do not assign a single blanket effective date.
LicensingExchangesConsumer Protection
dfpi.ca.govView Law Profile
RegulationIn ForceUnited States
23 NYCRR Part 200 — Virtual Currency Regulation (BitLicense)
23 NYCRR Part 200 — Virtual Currency Regulation
Added August 29, 2026Effective: June 24, 2015Ref: 23 NYCRR Part 200
New York State's BitLicense regulation, codified at 23 NYCRR Part 200, requires a BitLicense or qualifying New York banking/trust charter for persons conducting covered virtual-currency business activity involving New York or New York residents. It covers exchange, transfer, custody and specified administration activities, and sets capital, AML, cybersecurity, recordkeeping, disclosure and examination requirements.
LicensingExchangesAML/KYCConsumer Protection
dfs.ny.govView Law Profile
ActEnacted — Not Yet EffectiveUnited States
GENIUS Act of 2025
Guiding and Establishing National Innovation for US Stablecoins Act of 2025
Added August 29, 2026Ref: Public Law No. 119-__
The GENIUS Act establishes the first federal framework in the United States for the issuance and regulation of payment stablecoins. It creates permitted payment stablecoin issuers, requires reserve backing, governs redemption practices and mandates supervisory compliance across both federal and state pathways. Implementing rulemaking by the US Treasury and federal banking regulators is underway.
StablecoinsPaymentsLicensingAML/KYC+1 more
home.treasury.govView Law Profile
ActIn ForceUnited States
Maine Virtual-Currency Unclaimed Property Act
An Act to Amend the Maine Revised Unclaimed Property Act and Clarify the Definition of Virtual Currency
Added August 26, 2026Effective: July 29, 2026Ref: P.L. 2025, c. 675; LD 1969 / HP 1313
Maine adds virtual currency to its unclaimed-property framework and sets rules for dormancy, reporting, custody, transfer and liquidation of abandoned crypto assets.
Consumer ProtectionCustodyEnforcement
legislature.maine.govView Law Profile
GuidanceCurrent GuidanceUnited States
US Federal Crypto Asset Interpretation
SEC-CFTC interpretation on federal securities laws and crypto assets
Added August 24, 2026Effective: March 17, 2026Ref: SEC Release 2026-30
Clarifies token categories and when federal securities laws apply to crypto assets and investment-contract transactions.
SecuritiesToken IssuanceExchanges
sec.govView Law Profile
