Establishes a task force to study the impact of a state-issued cryptocurrency on New York.

The bill establishes a task force to study the impact of a state-issued cryptocurrency on New York. The task force will examine the steps necessary for New York to produce and release a cryptocurrency, its implications on monetary policy and financial stability, and how it would affect local, state, and federal taxation. The task force will also study measures taken by other jurisdictions to issue cryptocurrency. The task force will report its findings to the governor and the legislature within one year of the act's effective date.

Establishes a task force to study the impact of a state-issued cryptocurrency on New York.

The bill establishes a task force to study the impact of a state-issued cryptocurrency on New York. The task force will examine the steps necessary for New York to produce and release a cryptocurrency, its implications on monetary policy and financial stability, and how it would affect local, state, and federal taxation. The task force will also study measures taken by other jurisdictions to issue cryptocurrency. The task force will report its findings to the governor and the legislature within one year of the act's effective date.