Texas (TX)
Overview
MTL required under TX Money Services Act (Finance Code Ch. 151). TDOB regulates. Virtual Currency Act and active blockchain working group. Texas State Securities Board actively pursues crypto fraud. Issued emergency cease-and-desist orders against multiple crypto platforms. Aggressive stance on unregistered securities offerings involving digital assets. Virtual Currency Act (HB 4474, 2023) established legal framework for digital assets. Texas Department of Banking issued Supervisory Memorandum 1
Regulatory Facts
Texas -- MTL required under TX Money Services Act (Finance Code Ch. 151). TDOB regulates. Virtual Currency Act and active blockchain working group.
Status: partial
Texas -- Texas State Securities Board actively pursues crypto fraud. Issued emergency cease-and-desist orders against multiple crypto platforms. Aggressive stance on unregistered securities offerings involving digital assets.
Status: active-enforcement
Texas -- Virtual Currency Act (HB 4474, 2023) established legal framework for digital assets. Texas Department of Banking issued Supervisory Memorandum 1037 on crypto custody. Money Services Act applies to crypto businesses.
Status: partial