This bill amends existing New Jersey law to explicitly define "gift" to include any form of virtual currency and non-fungible tokens (NFTs). The bill prohibits public officials from accepting these forms of gifts, thereby addressing potential conflicts of interest and ensuring transparency in the acceptance of gifts by state and local government officials. The amendments apply to various definitions within the law, including those related to state officers, local government employees, and school officials.

The legal language added to the bill clarifies that virtual currency and NFTs are considered gifts, which aligns with the broader goal of maintaining ethical standards among public officials. By prohibiting the acceptance of these digital assets, the bill aims to prevent any undue influence or corruption that could arise from such transactions. The act is set to take effect immediately upon passage.

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