New Texas rules allow for the confiscation of criminal-related crypto assets, to be implemented in September

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Texas Senate Bill SB1498 will automatically take effect on June 20, 2025, and will be implemented starting September 1. The bill authorizes state government to seize digital assets related to specific criminal offenses, including digital currencies, Non-Fungible Tokens, and stablecoins, and incorporate them into civil asset forfeiture. The bill also expands the definition of "proceeds" to include asset appreciation from acquisition to seizure, and requires transferred seized assets to be moved to offline secure wallets managed by law enforcement agencies or state prosecutors.

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