Cryptocurrency
New York legislation proposes that public officials disclose their crypto holdings annually
New York legislation proposes that public officials disclose their crypto holdings annually: (The Block) A proposed law in New York would, if approved, require public officials in the state to disclose cryptocurrency holdings above a $1,000 threshold on an annual basis. The bill, submitted on July 2 according to public records, was sponsored by State […]
New York legislation proposes that public officials disclose their crypto holdings annually:
(The Block)
A proposed law in New York would, if approved, require public officials in the state to disclose cryptocurrency holdings above a $1,000 threshold on an annual basis.
The bill, submitted on July 2 according to public records, was sponsored by State Senator Rachel May. By amending the state’s public officers law, according to a summary of the legislation, the proposal aims to “close the loophole on cryptocurrency assets, like bitcoin, on the state’s financial disclosure statement and add transparency regarding individuals’ interest in this type of digital financial property.”