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NY S08343
Bill
Status
6/2/2022
Primary Sponsor
James Sanders
Click for details
AI Summary
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Establishes the New York state cryptocurrency and blockchain study task force consisting of 16 members, including the superintendent of financial services, commissioner of environmental conservation, comptroller, and representatives from financial services, environmental conservation, and academia, plus appointees from legislative leaders.
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Task force members shall be appointed within 90 days of the act's effective date and shall receive no compensation but may claim actual and necessary expenses.
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Task force must submit a report by December 15, 2024 to the governor and legislature addressing cryptocurrency and blockchain industries in New York, market data, energy consumption and environmental impacts of mining, tax implications, marketplace transparency, regulatory frameworks in other jurisdictions, and legislative recommendations for consumer protection and security.
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Act takes effect immediately and expires on December 15, 2024, upon which all provisions are automatically repealed.
Legislative Description
Establishes the New York state cryptocurrency and blockchain study task force to provide the governor and the legislature with information on the effects of the widespread use of cryptocurrencies and other forms of digital currencies and their ancillary systems, including but not limited to blockchain technology, in the state.
Last Action
SUBSTITUTED BY A9275
6/2/2022