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Bill > A2371

NJ A2371

NJ A2371
"Digital Asset and Blockchain Technology Act."

summary

Introduced
02/07/2022
In Committee
01/19/2023
Crossed Over
10/27/2022
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

"Digital Asset and Blockchain Technology Act."

AI Summary

This bill, the "Digital Asset and Blockchain Technology Act," is to be administered by the Bureau of Securities in the Division of Consumer Affairs in the Department of Law and Public Safety. It applies to digital asset business activity within New Jersey, directed toward persons in New Jersey, or directed from New Jersey. The bill defines key terms like "digital asset," "digital asset business," and "virtual currency," and requires a license to engage in certain digital asset business activities. The bill outlines the application and renewal process, the Bureau's authority to grant or deny licenses, and provisions for suspending or revoking licenses. It also includes requirements for disclosures, record-keeping, and compliance policies by licensees.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (5)

Last Action

Senate Amendment (29-0) (Pou) (on 06/30/2023)

Bill Topics

Banking, Finance, and Domestic Commerce
  • ‐ Banking System and Financial Institution Regulation and Reform
  • ‐ Consumer Safety and Consumer Fraud
  • ‐ Securities and Commodities Regulation
(4 Companion Bills)

bill text

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bill summary

Document Type Source Location Created
State Bill Page https://www.njleg.state.nj.us/bill-search/2022/A2371 02/04/2022
BillText https://pub.njleg.gov/Bills/2022/A2500/2371_R3.HTM 07/01/2023
Analysis - Statement Senate 6/30/23 2R https://pub.njleg.gov/Bills/2022/A2500/2371_S5.PDF 07/01/2023
Fiscal Note - Fiscal Estimate 2/9/23;2R https://pub.njleg.gov/Bills/2022/A2500/2371_E2.PDF 02/09/2023
BillText https://pub.njleg.gov/Bills/2022/A2500/2371_R2.HTM 01/20/2023
Analysis - Statement SBA 1/19/23 1R https://pub.njleg.gov/Bills/2022/A2500/2371_S4.PDF 01/20/2023
Analysis - Statement AAP 10/20/22 1R https://pub.njleg.gov/Bills/2022/A2500/2371_S3.PDF 10/21/2022
BillText https://pub.njleg.gov/Bills/2022/A2500/2371_R1.HTM 07/09/2022
BillText https://pub.njleg.gov/Bills/2022/A2500/2371_I1.HTM 07/09/2022
Bill https://pub.njleg.gov/Bills/2022/A2500/2371_I1.PDF 07/09/2022
Bill https://pub.njleg.gov/Bills/2022/A2500/2371_R1.PDF 07/09/2022
Analysis - Statement AFI 6/2/22 1R https://pub.njleg.gov/Bills/2022/A2500/2371_S2.PDF 07/09/2022
Fiscal Note - Fiscal Estimate 7/8/22;1R https://pub.njleg.gov/Bills/2022/A2500/2371_E1.PDF 07/09/2022
Analysis - Statement AST 3/14/22 https://pub.njleg.gov/Bills/2022/A2500/2371_S1.PDF 07/09/2022
Statement AFI 6/2/22 1R https://www.njleg.state.nj.us/Bills/2022/A2500/2371_S2.PDF 06/04/2022
Bill https://www.njleg.state.nj.us/Bills/2022/A2500/2371_R1.PDF 03/16/2022
Statement AST 3/14/22 https://www.njleg.state.nj.us/Bills/2022/A2500/2371_S1.PDF 03/16/2022
Bill https://www.njleg.state.nj.us/Bills/2022/A2500/2371_I1.PDF 02/09/2022
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