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Assembly committee releases bill banning public officials from accepting cryptocurrency and NFTs as gifts
Summary
The Assembly Science, Innovation and Technology Committee voted to release Assembly Bill 2345, which would prohibit public officials from accepting virtual currency and nonfungible tokens as gifts. The measure drew no public testimony in opposition; the New Jersey State League of Municipalities registered support without testifying.
A committee of the New Jersey General Assembly on Monday voted to release Assembly Bill 2345, which would prohibit public officials from accepting virtual currency and nonfungible tokens (NFTs) as gifts. The Assembly Science, Innovation and Technology Committee advanced the bill on a voice and roll-call vote after no witnesses registered formal opposition.
The bill would make it impermissible for public officials to receive gifts in the form of virtual currency or NFTs. Committee staff read the bill summary into the record before members voted. Paul Pena of the New Jersey State League of Municipalities was listed in favor but did not testify.
Committee Chair Tully asked if any members had additional comments before calling for a motion to move the bill. After the motion, the roll call recorded Assemblyman McGuckin, Assemblyman DePhillips, Assemblyman Miller, Assemblywoman Simmons, Assemblyman Maranko, Vice Chair Danielson and Chair Tully voting to release the bill.
The committee did not record further debate in the transcript. No amendments or implementation details were discussed on the record; the bill was advanced to the next stage of consideration.
