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Texas Banking Dept. Memo Demystifies Crypto Classifications

By Ethan Silver, Trevor Levine and Leo Choi ( March 4, 2025, 4:41 PM EST) -- On Jan. 28, the Texas Department of Banking released a revised version of its Supervisory Memorandum 1037, providing clarification on the regulatory treatment of virtual currencies under the Texas Money Services Modernization Act, or the MSMA, which became effective on Sept. 1, 2023....

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