Texas has passed a law granting law enforcement the authority to seize digital assets, with the measure set to take effect on Sept. 1. On June 20, Texas lawmakers passed Senate Bill 1498, a bipartisan law that gives law enforcement…Texas has passed a law granting law enforcement the authority to seize digital assets, with the measure set to take effect on Sept. 1. On June 20, Texas lawmakers passed Senate Bill 1498, a bipartisan law that gives law enforcement…

Texas passes SB1498 allowing seizure of digital assets tied to crimes

2 min read

Texas has passed a law granting law enforcement the authority to seize digital assets, with the measure set to take effect on Sept. 1.

On June 20, Texas lawmakers passed Senate Bill 1498, a bipartisan law that gives law enforcement the power to seize digital assets like Bitcoin (BTC), NFTs, stablecoins, and other cryptocurrency tied to criminal activity. The bill received full approval and is set to take effect on Sept. 1.

Under the new law, digital assets can be seized if they were used in or gained from crimes such as drug trafficking, fraud, theft, organized crime, or human trafficking. Any increase in the value of the seized assets between the time it was obtained and the time it is seized can also be claimed by the state.

Law enforcement would be required to move any seized assets tied to these crimes into a secure, offline wallet that can only be accessed by the agency or the state’s attorney. The forfeiture case would be filed in the county where the seizing agency is based.

With SB1498, lawmakers bring digital property under the same civil asset forfeiture rules that already apply to cash, vehicles, and real estate used in criminal acts. Lawmakers said SB1498 addresses gaps in current law and is needed as digital assets increasingly play a role in financial crimes.

Meanwhile, Arizona is also updating its laws to expand the state’s forfeiture laws to include digital assets.

SB1498 arrives alongside SB21, signed by Texas Governor Greg Abbott on June 22, making Texas the first state to allocate public funds and create a dedicated framework specifically for holding Bitcoin. Managed separately from the general treasury, the reserve aims to strengthen the state’s financial resilience and serve as a hedge against inflation.

Additionally, Texas has become the third state in the US to pass a Bitcoin reserve law, following Arizona and New Hampshire.

Market Opportunity
Effect AI Logo
Effect AI Price(EFFECT)
$0.004652
$0.004652$0.004652
-1.41%
USD
Effect AI (EFFECT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

SHIB Price Prediction: Mixed Signals Point to $0.0000085 Target by February End

SHIB Price Prediction: Mixed Signals Point to $0.0000085 Target by February End

Technical analysis reveals SHIB trading near oversold levels with RSI at 35.06. Despite bearish MACD momentum, support levels suggest potential recovery toward $
Share
BlockChain News2026/02/04 16:04
Fed rate decision September 2025

Fed rate decision September 2025

The post Fed rate decision September 2025 appeared on BitcoinEthereumNews.com. WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11-to-1 vote signaling less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4.00%-4.25%. Newly-installed Governor Stephen Miran was the only policymaker voting against the quarter-point move, instead advocating for a half-point cut. Governors Michelle Bowman and Christopher Waller, looked at for possible additional dissents, both voted for the 25-basis point reduction. All were appointed by President Donald Trump, who has badgered the Fed all summer to cut not merely in its traditional quarter-point moves but to lower the fed funds rate quickly and aggressively. In the post-meeting statement, the committee again characterized economic activity as having “moderated” but added language saying that “job gains have slowed” and noted that inflation “has moved up and remains somewhat elevated.” Lower job growth and higher inflation are in conflict with the Fed’s twin goals of stable prices and full employment.  “Uncertainty about the economic outlook remains elevated” the Fed statement said. “The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment have risen.” Markets showed mixed reaction to the developments, with the Dow Jones Industrial Average up more than 300 points but the S&P 500 and Nasdaq Composite posting losses. Treasury yields were modestly lower. At his post-meeting news conference, Fed Chair Jerome Powell echoed the concerns about the labor market. “The marked slowing in both the supply of and demand for workers is unusual in this less dynamic…
Share
BitcoinEthereumNews2025/09/18 02:44
SUI Price Prediction: Oversold Conditions Target $1.50-$1.85 Recovery by March 2026

SUI Price Prediction: Oversold Conditions Target $1.50-$1.85 Recovery by March 2026

Sui (SUI) trades at $1.13 with RSI at 28.11 indicating oversold conditions. Technical analysis suggests potential bounce toward $1.50-$1.85 targets as momentum
Share
BlockChain News2026/02/04 15:51