By Bill Wichert (June 2, 2022, 4:49 PM EDT) — Two bills aimed at creating ground rules for the cryptocurrency industry in New Jersey cleared a state Assembly committee Thursday, with a sponsor hailing a proposed licensing system as a potential national model while other lawmakers questioned the lack of testimony about setting up a regulatory framework.
The Assembly Financial Institutions and Insurance Committee advanced A.B. 2371, known as the Digital Asset and Blockchain Technology Act, which would require licenses for digital asset business activities, and A.B. 1975, known as the Virtual Currency and Blockchain Regulation Act, which would establish a framework for virtual currency businesses.
In urging her fellow committee…
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!