This bill amends existing laws to explicitly include virtual currency and non-fungible tokens (NFTs) in the definition of "gift" for public officials. The new legal language states that "Gift shall include any form of virtual currency and non-fungible tokens (NFTs)." This change applies to various sections of New Jersey law, including those governing state officers, local government employees, and school officials.

As a result of this amendment, public officials will be prohibited from accepting virtual currency and NFTs as gifts, thereby enhancing transparency and reducing potential conflicts of interest in public service. The bill is set to take effect immediately upon passage.

Statutes affected:
Introduced: 52:13D-13, 40A:9-22.3, 18A:12-23