S 1634 New Jersey Senate · 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 (like Bitcoin) and non-fungible tokens (NFTs) within the legal definition of "gift" for public officials. It directly affects state employees and officials (excluding legislators) who are prohibited from accepting these digital assets as gifts under existing ethics rules. The key mechanism is a straightforward definition change in the statute, ensuring these new forms of digital assets are treated the same as traditional gifts under state ethics laws.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
upper
2 primary · 0 co-sponsors

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