Enacts the "Public Official Virtual Currency Regulation Act"

This bill (A 8718) prohibits specific high-ranking public officials and their immediate family members - including New York state governors, lieutenant governors, comptrollers, attorneys general, and the U.S. president - from engaging in virtual currency business activities related to their personal interests. It defines "covered interest" as owning 5% or more of a virtual currency, receiving compensation for promoting it, or having financial entitlements from its sale. The law bans these individuals from buying, selling, exchanging, or managing virtual currency for others if it relates to their covered interest, with violations subject to civil penalties of up to $50,000 per day. The bill applies to all such officials during their tenure and includes specific exclusions for gaming tokens and loyalty programs.