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Assembly Bill A11676

2025-2026 Legislative Session

Prohibits digital currency contributions

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Current Bill Status - In Assembly Committee

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2025-A11676 (ACTIVE) - Details

Current Committee:
Assembly Election Law
Law Section:
Election Law
Laws Affected:
Amd §14-100, add §14-134, El L

2025-A11676 (ACTIVE) - Summary

Prohibits digital currency contributions to candidates or political committees.

2025-A11676 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   11676
 
                           I N  A S S E M B L Y
 
                             September 2, 2026
                                ___________
 
 Introduced  by  COMMITTEE  ON RULES -- (at request of M. of A. Yeger) --
   read once and referred to the Committee on Election Law
 
 AN ACT to amend the election law, in  relation  to  prohibiting  digital
   currency contributions
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The opening paragraph of subdivision 9 of section 14-100 of
 the election law, as amended by chapter 70  of  the  laws  of  1983,  is
 amended and a new paragraph (b) is added to read as follows:
   (A) "contribution" means:
   (B) "CONTRIBUTION" SHALL NOT INCLUDE DIGITAL CURRENCY.
   §  2.  Section  14-100  of the election law is amended by adding a new
 subdivision 18 to read as follows:
   18. "DIGITAL CURRENCY" MEANS ANY TYPE OF DIGITAL UNIT THAT IS USED  AS
 A MEDIUM OF EXCHANGE OR A FORM OF DIGITALLY STORED VALUE.
   §  3.  The  election  law is amended by adding a new section 14-134 to
 read as follows:
   § 14-134. DIGITAL CURRENCY CONTRIBUTIONS.  NOTWITHSTANDING  ANY  OTHER
 PROVISION  OF  LAW  TO  THE  CONTRARY, DIGITAL CURRENCY CONTRIBUTIONS TO
 CANDIDATES OR POLITICAL COMMITTEES SHALL BE PROHIBITED.
   § 4. This act shall take effect on the thirtieth day  after  it  shall
 have  become  a  law;  provided that contributions received prior to the
 effective date of this act shall within thirty days  of  such  effective
 date  be  returned  to the contributor, or if impracticable, remitted to
 the state comptroller.    Effective  immediately,  the  state  board  of
 elections  is  authorized to promulgate any rules necessary to implement
 the provisions of this act and shall notify all candidates and political
 committees of the applicable provisions of this act on  or  before  such
 effective date.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15965-03-6

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