New Jersey A3040 prohibits public officials from accepting virtual currency and non-fungible tokens as gifts.
New Jersey A3040 amends several statutes to include virtual currency and non-fungible tokens (NFTs) in the definition of gifts. This bill prohibits public officials from accepting any form of virtual currency or NFTs as gifts under certain circumstances. The bill defines terms such as "gift," "public official," and "member of the immediate family." The act takes effect immediately upon enactment.
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