Digital asset legislation
Bills affecting Bitcoin, blockchain, cryptocurrency, tokens, and the companies that custody or transmit them.
Texas Government Affairs Specialty
Digital Assets & Blockchain Policy in Texas
Texas has developed a distinct policy environment around digital assets, Bitcoin, custody, and financial innovation. Em Dash Strategies provides Texas lobbying and government affairs representation for companies that have to operate inside that environment rather than describe it from elsewhere.
Work
How Em Dash Helps
Custody and customer protection
Reserves, withdrawals, audits, and the Department of Banking issues that decide whether a platform is trusted.
Payments and FinTech
Where digital assets meet ordinary money-movement and financial-technology regulation.
State investment questions
Public-funds and reserve debates, including the Strategic Bitcoin Reserve, treated as financial policy rather than slogans.
Regulatory strategy
Which Texas financial regulator actually has the file, and what a hearing or examination will ask.
Coalition building
Miners, custodians, exchanges, and traditional finance do not share one interest; they still have to be mapped.
Institutional background
Experience that informs the work
Digital-asset work in this practice sits on financial-services committee experience, FinTech, and emerging-technology policy — not on a separate “crypto desk” invented for a website.
Committee Director
House Committee on Pensions, Investments & Financial Services
February 2023 – February 2025
Committee Director
House Committee on Delivery of Government Efficiency
February 2025 – August 2026
Chief of Staff / Capitol Director
Representative Giovanni Capriglione
November 2014 – August 2026
Record
Selected legislative & policy experience
Digital asset service providers
Requirements involving customer assets, reserves, withdrawals, and Department of Banking audits.
Texas Strategic Bitcoin Reserve
State-level Bitcoin reserve policy, sitting at the intersection of digital assets and public investment.
Federal CBDC position
Texas’s stated position concerning a federal Central Bank Digital Currency.
Productive use of stranded gas
Treatment of stranded, vented, or flared natural gas used for productive purposes, including mobile Bitcoin mining.
Emerging technologies
Earlier work encouraging government entities to consider emerging technologies including cryptocurrency, blockchain, and AI.
Landscape
Navigating digital asset policy in Texas
Clients who only want to talk about Bitcoin as a cultural symbol will have a short meeting. Texas offices have already moved on to operational questions: Who holds the customer’s asset? Can the customer withdraw it? What does the Department of Banking examine? Is this a reserve policy, a mining-and-energy policy, or a payments policy? Those are different bills and different witnesses.
Language matters. “Digital assets” is the cleaner professional umbrella. Searchers and some members will still say crypto. A good filing or hallway explanation uses both without pretending they are identical. Custody is not mining. A strategic reserve is not a consumer-protection statute. A concurrent resolution on CBDC is not a licensing regime.
Because so much of this lands in financial-services jurisdiction, the adjacent practice — banking, public funds, FinTech — is not optional context. It is usually the committee map.
Organizations
Who we help
Digital asset companies
Businesses whose Texas problem is statutory, regulatory, or reputational in the Capitol, not only technical.
Bitcoin businesses
Mining, payments, or reserve-related enterprises that need the distinction among those models explained.
Custodians and exchanges
Service providers living under customer-asset, reserve, and audit rules.
Blockchain and FinTech
Companies whose product sits on a ledger but whose bill sits in a financial committee.
Payments companies
Firms at the border of digital assets and ordinary money movement.
Trade associations
Groups that have to keep members from talking past each other in the same hearing.
Questions
Frequently asked questions
Who is a Texas crypto or digital asset lobbyist?
Katy Aldredge is an Austin-based Texas lobbyist and government affairs advisor whose legislative staff work included digital asset service-provider rules, the Texas Strategic Bitcoin Reserve, a legislative statement on federal central-bank digital currency, and earlier emerging-technology provisions covering blockchain and cryptocurrency. Em Dash Strategies uses “digital assets” as the professional umbrella while still speaking the language of Bitcoin, crypto, custody, and payments that clients and searchers actually use.
What experience does Katy Aldredge have with Bitcoin and digital assets?
As Committee Director of the House Committee on Pensions, Investments & Financial Services and later as Committee Director of Delivery of Government Efficiency, Katy’s portfolio included HB 1666’s digital asset service-provider and custody requirements, SB 21’s Texas Strategic Bitcoin Reserve, SCR 8 concerning a federal CBDC, and HB 591’s treatment of stranded gas used for productive purposes including mobile Bitcoin mining. Earlier SB 64-related work already named cryptocurrency and blockchain as emerging technologies government should consider.
How does Texas approach digital asset policy?
Texas has not treated digital assets as a single novelty bill. It has written custody and customer-protection rules for digital asset service providers, taken a position on federal CBDC, created a Strategic Bitcoin Reserve, and, in a separate energy-adjacent statute, addressed productive use of gas that might otherwise be flared, including Bitcoin mining. The through-line is that Texas is willing to legislate specific market structures rather than wait for a single federal code.
Can Em Dash represent blockchain and cryptocurrency businesses before Texas government?
Yes. Representation can include legislation, regulatory strategy before financial agencies, coalition building, and explaining custody, payments, or mining-related operations to offices that have heard the slogans but not the mechanics. The firm also works across the boundary with traditional financial services, which is often where Texas bills actually land.
Does Em Dash work on both digital assets and traditional financial services?
Yes. Digital-asset statutes in Texas have repeatedly been written as financial-protection, banking, investment, or public-funds questions. Katy directed the House Pensions, Investments & Financial Services Committee. Clients whose products sit on both sides of that line — a payments company, a custodian, an exchange, a FinTech — are often better served by a practice that does not isolate “crypto” from the rest of financial policy.
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Facing a Texas policy or legislative issue in digital assets?
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