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Texas bill could require crypto firms to show they can cover user balances
By Mike Dalton at 2025-05-24 19:46
Sentiment: Positive
Texas’ House of Representatives passed a bill requiring crypto companies to prove they have sufficient assets on hand on April 20. The bill, designated HB1666, could require companies to maintain sufficient reserves to cover all user obligations (crypto deposits and balances). It could also require crypto companies to provide customers and auditors with accounting reports […] The post Texas bill could require crypto firms to show they can cover user balances appeared first on CryptoSlate. Continue reading...
Categories: Exchanges
Tags: #Exchanges #Regulation
Source CryptoSlate