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Bill > S3628
NJ S3628
NJ S3628Prohibits public officials from accepting virtual currency and non-fungible tokens as gifts.
summary
Introduced
02/19/2026
02/19/2026
In Committee
02/19/2026
02/19/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 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 that public officials are prohibited from accepting. Virtual currency refers to digital or virtual representations of value that can be used as a medium of exchange, while NFTs are unique digital assets that represent ownership of a specific item, often digital art or collectibles, and are recorded on a blockchain. By adding these to the definition of "gift" in laws governing state officers and employees, local government officers and employees, and school officials, the bill aims to prevent potential conflicts of interest or the appearance of impropriety that could arise from public servants receiving these digital assets as presents.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 02/19/2026)
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/S3628 |
| BillText | https://pub.njleg.gov/Bills/2026/S4000/3628_I1.HTM |
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