A7024 (2023-24 session)
NY State bill
Authorizes fiat-collateralized stablecoins as a form of bail; directs the commissioner of taxation and finance, in conjunction with the chief justice of the unified court system and the director of the office of information technology services, to promulgate rules and regulations identifying forms of fiat-collateralized stablecoin acceptable for posting bail to establish a system for the administration of the acceptance, recording and processing of stablecoins as a means of securing bail.
- Title
- Authorizes fiat-collateralized stablecoins as a form of bail
- Type
- New York State Assembly bill
- Session
- 2023-24 session
- Status
- In Assembly Committee
- Latest action date
- 2024-01-03
- In committee
- Codes
- Introduced
- 2023-05-10
- Law section
- Criminal Procedure Law
Sponsors
- Latrice M. Walker Assembly Member, District 55
Heard in committee
- Codes NY State Assembly committee