Establishes a task force to study the impact of a state-issued cryptocurrency on the state of New York

This bill creates a 9-member task force to study the potential impacts of New York issuing its own cryptocurrency. The task force will examine how a state cryptocurrency would interact with federal financial regulators, affect monetary policy and tax systems, and compare New York's approach to efforts by other states, countries, and central banks. The task force must complete its study and submit findings to the governor and legislature within one year of the bill's effective date. This is a procedural measure focused solely on research, with no immediate policy changes or cryptocurrency implementation proposed.