NY S07272

Requires public officers to report cryptocurrency holdings exceeding $1,000 on annual financial disclosure statements under Public Officers Law Section 73-a.

Defines "cryptocurrency" as a digital currency using encryption techniques to regulate unit generation and verify fund transfers, operating independently from a central bank.

Mandates reporting of cryptocurrency type and market value as of the close of the taxable year preceding the filing date, including holdings by the reporting individual's spouse.

Requires disclosure of cryptocurrencies held through beneficial interests in trusts only if the reporting individual has knowledge of them, except when they personally transferred assets to the trust for their benefit.

Takes effect on January 1st following enactment into law.