This bill amends existing laws to explicitly define "gift" to include any form of virtual currency and non-fungible tokens (NFTs). The legislation aims to prohibit public officials from accepting these digital assets as gifts, thereby enhancing ethical standards and transparency in public service. The amendments are made to various sections of New Jersey law, including definitions relevant to state officers, local government employees, and school officials.

The bill's provisions will take effect immediately upon enactment, reinforcing the commitment to prevent potential conflicts of interest that could arise from the acceptance of virtual currencies and NFTs by public officials. By clarifying the definition of gifts to encompass these modern forms of assets, the legislation seeks to adapt to the evolving landscape of digital finance and ensure that public officials maintain integrity in their roles.

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