Establishes the New York state cryptocurrency and blockchain study task force
Summary
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.
Bill status
vetoed
4 of 5 stages cleared
Introduction
Jan 2025
Committee Review
May 2025
Assembly Passage
May 2025
Senate Passage
Jun 2025
Vetoed
Dec 2025
Introduced Jan 27, 2025
Vetoed Dec 5, 2025
Maddy AI version diff · 1 comparison
What changed between versions
A3279
→
A3279A
·
5 edits
MODERATE
This bill amendment modifies the composition and structure of the New York state cryptocurrency and blockchain study task force. The changes reorganize how members are appointed, add specific requirements for industry representation, and relocate the task force within the department of financial services.
Scope change
The task force's scope remains focused on studying cryptocurrency and blockchain impacts, but its membership structure and reporting requirements have been modified to include more specific industry representation.
ELIGIBILITY
Task force membership changed from seventeen to sixteen members, with restructured appointment authority between the governor, senate, and assembly.
Added the commissioner of taxation and finance as a required member appointed by the governor, replacing the attorney general in the governor's appointees.
Removed the attorney general from the governor's appointees and moved them to a separate appointment category.
REQUIREMENT
New requirement that two senate-appointed members and two assembly-appointed members must represent separate cryptocurrency trade groups, organizations, or companies.
SCOPE
Task force is now established within the department of financial services rather than as an independent entity.
Floor votes · Senate Jun 4, 2025 · Assembly May 28, 2025
How they voted
58–0
Passed · 5 other
Total votes 63
Jun 4, 2025
D
Democratic41
87% Yea
R
Republican22
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
18
Key actions
4
Committee
4
Amendments
3
Dec 5, 2025
Amended
TABLED
lower
Dec 5, 2025
Vetoed
VETOED MEMO.62
lower
Jun 4, 2025
Upper · Passed
PASSED SENATE
upper
May 28, 2025
Committee
REFERRED TO BANKS
upper
May 28, 2025
Lower · Passed
PASSED ASSEMBLY
lower
May 20, 2025
Committee
REPORTED REFERRED TO RULES
lower
Apr 30, 2025
Committee
REPORTED REFERRED TO WAYS AND MEANS
lower
Apr 23, 2025
Lower · Passed
PRINT NUMBER 3279A
lower
Apr 23, 2025
Lower · Passed
AMEND AND RECOMMIT TO BANKS
lower
Jan 27, 2025
Committee
REFERRED TO BANKS
lower
1 primary · 6 co-sponsors
Sponsors
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