New York State Senator proposes to establish a cryptocurrency and blockchain research working group

ChainCatcher news, the New York State Senate has introduced Bill S4728, which aims to establish a New York State Cryptocurrency and Blockchain Research Working Group. The bill was initiated by Democratic Senator James Sanders Jr. and is currently under review by the Senate Banking Committee.

The working group will be responsible for studying the impact of the widespread application of digital currency systems such as cryptocurrency and blockchain in New York State, and will provide relevant reports to the governor and the legislature.