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Texas Digital Asset Service Provider Bill Passes House Vote

The Texas House of Representatives approved the digital asset service provider bill on April 20.

The bill received 148 votes in favor and zero against. Only one vote abstained.

Also known as the “Proof of Reserve” bill, HB 1666 was introduced in January by Giovanni Capriglione and aims to establish rules for exchanges and other companies providing crypto-related services.

It is now pending approval by the Senate and the Governor before it can officially become law.

(by Assad Jafri)

Digital Asset Texas
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