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Bill > A3040
NJ A3040
NJ A3040Prohibits public officials from accepting virtual currency and non-fungible tokens as gifts.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill amends several statutes 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 under certain circumstances.
AI Summary
This bill amends existing laws to explicitly define "gift" to include any form of virtual currency and non-fungible tokens (NFTs), which are digital assets that represent ownership of unique items and are often bought and sold using cryptocurrency. By expanding this definition, the bill aims to prohibit public officials, including state officers and employees, members of the Legislature, and local government officers and employees, from accepting these digital assets as gifts under certain circumstances, thereby strengthening regulations around potential conflicts of interest and the acceptance of valuable items by those in public service.
Committee Categories
Business and Industry
Sponsors (8)
Linda Carter (D)*,
Ellen Park (D)*,
Chris Tully (D)*,
Michael Inganamort (R),
Robert Karabinchak (D),
Yvonne Lopez (D),
Cody Miller (D),
Carol Murphy (D),
Last Action
Introduced, Referred to Assembly Science, Innovation and Technology Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/A3040 |
| BillText | https://pub.njleg.gov/Bills/2026/A3500/3040_I1.HTM |
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