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NJ S3626

Bill

Official Source

Status

Introduced

2/19/2026

Primary Sponsor

Andrew Zwicker

Click for details

Origin

Senate

2026-2027 Regular Session

AI Summary

  • Department of Treasury must review and approve a blockchain-based digital payment platform for legal businesses that lack access to traditional banking and operate in cash-only or cash-heavy environments
  • Platform will enable cashless transactions with virtual currency pegged one-to-one to US dollars, with all transactions recorded on an immutable blockchain ledger
  • Businesses must obtain State approval to access the payment platform
  • Platform must facilitate regulatory compliance, enable State audits, and allow businesses to pay sales tax to local municipalities
  • Takes effect on the first day of the sixth month following enactment

Legislative Description

Requires Department of Treasury to review and approve digital payment platform.

Commerce

Last Action

Introduced in the Senate, Referred to Senate Commerce Committee

2/19/2026

Committee Referrals

Commerce2/19/2026

Full Bill Text

No bill text available