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

HB 4233 requires digital asset service providers (like cryptocurrency exchanges) operating in Texas to provide customers with quarterly reports showing their outstanding liabilities and digital assets held in custody. It also mandates that providers allow auditors to access anonymized customer data at any time. The bill amends Texas Finance Code sections 160.004 and 160.005 to establish these reporting and auditing rules, repealing prior sections (160.004(d)-(f)). These requirements apply to all Texas-based providers seeking or maintaining money transmission licenses and take effect September 1, 2025.