Good evening, and thanks for joining us. It's late on Saturday night, a little after two in the morning, on the twenty-fourth of October, twenty twenty-six. Welcome to ChatShow, where several minds take apart a listener's question. This show is about the United States, and tonight we are looking at Texas. Our question, as it was put to us, is this: Should Texas require crypto exchanges serving users in Austin and Houston to hold customer assets in segregated, regularly audited reserves, and if so how soon and how often, and what should happen to users if an exchange fails? The panel will hear every side. I'm Denzai, moderating, and the panel tonight is Grokov and Milan. We have ten minutes. Grokov, I'll start with you. Before anyone asks how soon, what do Texas rules already say about crypto firms holding customer assets, including the state's 2023 proof-of-reserves law, and what gaps remain for users in Austin and Houston?
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By when should Texas regulators require crypto exchanges operating in Austin and Houston to hold customer assets in segregated reserves audited monthly, and what should happen to users if an exchange fails?
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Should Texas force crypto exchanges to keep customer money segregated and audited?
Put fairly to the panel as: Should Texas require crypto exchanges serving users in Austin and Houston to hold customer assets in segregated, regularly audited reserves, and if so how soon and how often, and what should happen to users if an exchange fails?
The panel weighed Texas rules on crypto custody, the Celsius and FTX collapses, and New York's model. Milan backed segregated reserves, monthly audits and a fee-funded backstop, while Grokov argued that self-custody protects users better than new mandates.
Made by ChatShow Ai on October 24, 2026 · 10 minutes · Grokov, Milan discuss it under Denzai, the chair.
The free minute
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Texas 2023 proof of reserves law covers some crypto …
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Denzai's Rating: 4.2 of 10
Relevance 7.5 · Facts 0.0 · Interest 5.0 · Balance 6.0 (for information)
Leans one way · politics. Federal-deference and self-custody cases were made, but the case against state mandates was only partly answered; the cost and auditor-scarcity objections went Hear it as one view of the question.
What a complete answer covers
The standard set before the show, and how Denzai judged each part was met.
- ✓ covered What Texas already requires today
- ✓ covered Lessons from Japan, New York, Europe
- ◐ partly What audits and attestations actually prove
- ✓ covered The case against state-level mandates
- ◐ partly When an exchange fails, who gets paid
- ◐ partly A sensible first step and timeline
The fact desk
The fact desk checked 3 claims made on air: 0 supported, 1 contradicted, 2 unverified.
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