# Texas

> Texas (Texas Department of Banking · State Securities Board): No licence for non-stablecoin crypto. Region: Americas. Builds with privacy tech: The regime itself mandates, pilots or funds privacy-preserving technology.

Part of the Soda Labs Privacy Hub regulation map, which reads the instruments
themselves rather than summarising the summaries: https://www.sodalabs.xyz/privacy-hub/regulation

## Key facts

- Entry type: Jurisdiction
- Region: Americas
- Subject: No licence for non-stablecoin crypto
- Authority: Texas Department of Banking · State Securities Board
- Stance on on-chain confidentiality: Builds with privacy tech. The regime itself mandates, pilots or funds privacy-preserving technology.
- Tags: no money transmitter licence, stablecoin focus, permissive perimeter, no anonymity rule
- Canonical page: https://www.sodalabs.xyz/privacy-hub/regulation/jur-texas

## What it actually says

Texas belongs in this section for what it does not do. Non-stablecoin cryptocurrency does not require a money transmitter licence there, which leaves a large share of activity outside the perimeter that elsewhere carries customer identification and record-keeping duties with it. Legislative energy has gone into stablecoins instead, including proposals for a commodity-backed state token. As with the other American states covered here, nothing in Texan law addresses anonymity-enhancing assets or self-hosted wallets. The federal layer still applies in full, so the practical position is a light state regime sitting under the Bank Secrecy Act rather than an absence of rules.

## The instruments that matter

- **No money transmitter licence for non-stablecoin cryptocurrency**: which keeps a large share of activity outside the licensing perimeter and the identity duties that come with it
- **Stablecoins treated differently**: legislative attention has focused on stablecoins, including a proposal for a commodity-backed state token
- **No located rule on anonymity**: we found no Texan provision restricting anonymity-enhancing assets or self-hosted wallets

## Sources

- [State-level developments tracker](https://www.paulhastings.com/insights/crypto-policy-tracker/state-level-developments-the-regulatory-landscape-for-digital-assets)

## Related entries

- [Wyoming](https://www.sodalabs.xyz/privacy-hub/regulation/jur-wyoming): Property law written for self-custody
- [California](https://www.sodalabs.xyz/privacy-hub/regulation/jur-california): A licensing regime that arrived in July 2026
- [Argentina](https://www.sodalabs.xyz/privacy-hub/regulation/jur-argentina): Self-custody providers written out of the regime
- [Bahamas](https://www.sodalabs.xyz/privacy-hub/regulation/jur-bahamas): Issuance of privacy tokens barred, trading not
- [Bermuda](https://www.sodalabs.xyz/privacy-hub/regulation/jur-bermuda): A travel rule with no minimum, reaching self-hosted wallets
- [Brazil](https://www.sodalabs.xyz/privacy-hub/regulation/jur-brazil): A named anonymity rule, and a CBDC that could not solve privacy