Tex. Fin. Code § 160.001 · Chapter 160. DIGITAL ASSET SERVICE PROVIDERS
DEFINITIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this chapter:
(1) "Commission" means the Finance Commission of Texas.
(2) "Customer funds" means the digital assets, fiat currency, or other property deposited by a digital asset customer.
(3) "Department" means the Texas Department of Banking.
(4) "Digital asset" means a natively electronic asset that confers economic, proprietary, or access rights and is recorded or stored in a blockchain, cryptographically secured distributed ledger, or similar technology, and includes:
(A) a digital asset that the laws of any country consider to be legal tender; or
(B) virtual currency as defined by Section 12.001, Business & Commerce Code.
(5) "Digital asset customer" means a person who deposits fiat currency or a digital asset with a digital asset service provider.
(6) "Digital asset service provider" means an electronic platform that facilitates the trading of digital assets on behalf of a digital asset customer and maintains custody of the customer's digital assets.
Notes and commentary — not statutory text
History
Added by Acts 2023, 88th Leg., R.S., Ch. 419 (H.B. 1666), Sec. 1, eff. September 1, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.160.htm
- Text hash
- sha256 88f211e9cbd8fe1de6a5b4462eccb8023af0a192eb1662456741e887d7c554b8
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Business & Commerce Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.