Bill > A05023

This bill amends the New York State election law to specify that campaign contributions made in cash, bitcoin, or any other form of cryptocurrency will not be eligible for public financing matching funds. Specifically, the bill adds a new subsection to existing election law that explicitly excludes these types of contributions from being matched under the state's public campaign financing program. The change builds upon existing restrictions, such as those on contributions from lobbyists and contributions exceeding $250 from a single contributor. By preventing cash and cryptocurrency contributions from being matched, the bill aims to potentially discourage these forms of campaign donations and maintain transparency in campaign financing. The amendment is designed to take effect immediately upon enactment, meaning it would apply to campaign contributions as soon as the bill becomes law.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A5023