A 2345 New Jersey General Assembly · 2024-2025 Regular Session

Prohibits public officials from accepting virtual currency and non-fungible tokens as gifts.

This bill amends New Jersey law to explicitly include virtual currency and non-fungible tokens (NFTs) in the definition of "gift" for public officials. It prohibits state and local government employees, elected representatives, and other defined public officials from accepting these digital assets as gifts. The change updates existing gift restrictions to cover new forms of digital value, ensuring virtual currency and NFTs are treated the same as traditional gifts under state ethics laws. This is a definitional update with no new penalties or enforcement mechanisms beyond current gift-prohibition rules.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 23, 2025
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jan 23, 2025
Committee
Reported and Referred to Assembly State and Local Government Committee
lower
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Science, Innovation and Technology Committee
lower
3 primary · 5 co-sponsors

Sponsors