Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 23, 2025 |
print number 6515a |
Apr 23, 2025 |
amend and recommit to codes |
Mar 05, 2025 |
referred to codes |
Assembly Bill A6515A
2025-2026 Legislative Session
Sponsored By
VANEL
Current Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
2025-A6515 - Details
2025-A6515 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6515 2025-2026 Regular Sessions I N A S S E M B L Y March 5, 2025 ___________ Introduced by M. of A. VANEL -- read once and referred to the Committee on Codes AN ACT to amend the penal law, in relation to establishing certain offenses relating to crypto fraud THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Title K of the penal law is amended by adding a new article 191 to read as follows: ARTICLE 191 CRYPTO FRAUD SECTION 191.00 DEFINITIONS. 191.05 PENALTIES. 191.10 VIRTUAL TOKEN FRAUD. 191.15 ILLEGAL RUG PULLS. 191.20 PRIVATE KEY FRAUD. 191.25 FRAUDULENT FAILURE TO DISCLOSE INTEREST IN VIRTUAL TOKENS. § 191.00 DEFINITIONS. FOR PURPOSES OF THIS ARTICLE, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: 1. "VIRTUAL TOKENS" SHALL MEAN SECURITY TOKENS AND STABLECOINS; 2. "SECURITY TOKENS" SHALL MEAN ANY FORM OF FUNGIBLE AND NON-FUNGIBLE COMPUTER CODE BY WHICH ALL SUCH FORMS OF OWNERSHIP OF SAID COMPUTER CODE IS DETERMINED THROUGH VERIFICATION OF TRANSACTIONS OR ANY DERIVATIVE METHOD, AND THAT IS STORED ON A PEER-TO-PEER COMPUTER NETWORK OR ANY OTHER SUCH COMPUTERIZED SYSTEM OR THROUGH ANY DERIVATIVE MEANS OF STOR- AGE, AND WHICH CONFORMS TO ONE OF THE FOLLOWING: (A) SUCH CLASS OF VIRTUAL TOKENS ARE ADVERTISED BY THE DEVELOPER OR AN AGENT OF THE DEVELOPER AT THE DEVELOPER'S DIRECTION TO BE BOUGHT AND EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09350-01-5 A. 6515 2
2025-A6515A (ACTIVE) - Details
2025-A6515A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6515--A 2025-2026 Regular Sessions I N A S S E M B L Y March 5, 2025 ___________ Introduced by M. of A. VANEL -- read once and referred to the Committee on Codes -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the penal law, in relation to establishing certain offenses relating to crypto fraud THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Title K of the penal law is amended by adding a new article 191 to read as follows: ARTICLE 191 CRYPTO FRAUD SECTION 191.00 DEFINITIONS. 191.05 PENALTIES. 191.10 VIRTUAL TOKEN FRAUD. 191.15 ILLEGAL RUG PULLS. 191.20 PRIVATE KEY FRAUD. § 191.00 DEFINITIONS. FOR PURPOSES OF THIS ARTICLE, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: 1. "VIRTUAL TOKENS" SHALL MEAN DIGITAL ASSETS THAT EXIST ON A BLOCK- CHAIN; 2. "CLASS" SHALL MEAN A GROUP OF FUNGIBLE OR NON-FUNGIBLE TOKENS, IRRESPECTIVE OF THE AMOUNT CREATED, THAT IS INTENDED BY THE DEVELOPER TO BE: (A) IN THE CASE OF FUNGIBLE TOKENS, VALUED AND EXCHANGED TOGETHER; OR (B) IN THE CASE OF NON-FUNGIBLE TOKENS, REGARDED AS PART OF THE SAME GROUP OF DIGITAL OR PHYSICAL ITEMS OR VALUED TOGETHER WITH THE DEVELOP- ERS' OTHER NON-FUNGIBLE TOKENS BASED ON THE FACT THAT THE NON-FUNGIBLE TOKENS WERE CREATED BY A CERTAIN DEVELOPER, TAKING INTO ACCOUNT THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09350-02-5 A. 6515--A 2
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.