Bill > S07725

This bill establishes a task force to study the impact of a state-issued cryptocurrency on the state of New York. The task force will examine the necessary steps to produce and release a state-issued cryptocurrency, the implications on monetary policy and financial stability, the effects on taxation, and the measures taken by other jurisdictions to potentially issue cryptocurrency. The task force will report its findings to the governor and legislature within one year of the bill's effective date. The task force will be composed of members appointed by the governor, legislature, and state agencies, and they will receive no compensation but will be reimbursed for their expenses.

Budget and Finance

https://assembly.state.ny.us/leg/?default_fld=&bn=S07725&term=2017&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y