Bill
Bill > S1634
NJ S1634
NJ S1634Prohibits public officials from accepting virtual currency and non-fungible tokens as gifts.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill amends definitions to provide that a gift includes all forms of virtual currency and non-fungible tokens (NFTs). Under this bill, a public official would be prohibited from accepting any form of virtual currency or NFTs as a gift.
AI Summary
This bill amends existing New Jersey law to explicitly include virtual currency and non-fungible tokens (NFTs) as forms of gifts. Virtual currency refers to digital or virtual representations of value that can be used as a medium of exchange or stored electronically, while NFTs are unique digital assets that represent ownership of a specific item, often digital art or collectibles. By adding these to the definition of a gift, the bill prohibits public officials, including state officers, employees, legislators, and local government officers and employees, from accepting any virtual currency or NFTs as gifts, thereby aiming to prevent potential conflicts of interest and maintain ethical standards in government.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/09/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S1634 |
| BillText | https://pub.njleg.gov/Bills/2026/S2000/1634_I1.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/S2000/1634_I1.HTM |
Loading...