S 4728 New York Senate · 2025 Regular Session

Establishes the New York state cryptocurrency and blockchain study task force

Summary

Establishes the New York state cryptocurrency and blockchain study task force to provide the governor and the legislature with information on the effects of the widespread use of cryptocurrencies and other forms of digital currencies and their ancillary systems, including but not limited to blockchain technology, in the state.

Bill status passed 3 of 5 stages cleared

Introduction

Feb 2025

Committee Review

Apr 2025

Senate Passage

Apr 2025

Assembly Passage

Governor

Introduced Feb 12, 2025 Last action Jun 4, 2025

Maddy AI version diff · 1 comparison

What changed between versions

S4728 → S4728A · 6 edits

MODERATE

This bill was amended to reorganize the task force membership structure, adding the Tax Commissioner as a member and requiring specific cryptocurrency industry representatives on Senate and Assembly appointee slots. The total membership decreased from 17 to 16 members, with the Governor's appointees reduced from 7 to 6. The bill also added a new bill number (Cal. No. 391) and shows it has passed the Senate and is now in the Assembly.

Scope change

The task force membership composition changed, adding the Tax Commissioner and requiring cryptocurrency industry representation from legislative appointees, while reducing the Governor's appointee count.

ELIGIBILITY

Task force membership reduced from 17 to 16 members, with Governor's appointees decreased from 7 to 6.

Tax Commissioner of the Department of Taxation and Finance added as a task force member.

Two of the Senate-appointed members must be representatives from cryptocurrency trade groups, organizations, or companies.

Two of the Assembly-appointed members must be representatives from cryptocurrency trade groups, organizations, or companies.

SCOPE

Task force location changed from general establishment to being within the Department of Financial Services.

TECHNICAL

Bill number changed from S4728 to S4728A and added Cal. No. 391 designation.

Floor votes · Senate Apr 28, 2025

How they voted

60–0

Passed · 2 other

Total votes 62

Apr 28, 2025

D Democratic40

38 Yea 2

95% Yea

R Republican22

22 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 12, 2025

Upper · Passed

AMENDED ON THIRD READING 4728A

upper

Apr 28, 2025

Committee

REFERRED TO BANKS

lower

Apr 28, 2025

Upper · Passed

PASSED SENATE

upper

Feb 12, 2025

Committee

REFERRED TO BANKS

upper

1 primary · 2 co-sponsors