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A1111 • 2026

Requires Department of Treasury to review and approve digital payment platform.

Requires Department of Treasury to review and approve digital payment platform.

Technology
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Danielsen, Joe
Last action
2026-01-13
Official status
Introduced, Referred to Assembly Science, Innovation and Technology Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Requires Department of Treasury to review and approve digital payment platform.

Requires Department of Treasury to review and approve digital payment platform.

What This Bill Does

  • Requires Department of Treasury to review and approve digital payment platform.
  • Topic: Science, Innovation and Technology Fiscal note: This bill has been certified by OLS for a fiscal note.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-01-13 New Jersey Legislature

    Introduced, Referred to Assembly Science, Innovation and Technology Committee

Official Summary Text

Requires Department of Treasury to review and approve digital payment platform.
Topic:
Science, Innovation and Technology
Fiscal note:
This bill has been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text 
A1111

ASSEMBLY, No. 1111

STATE OF NEW JERSEY

222nd LEGISLATURE

�

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

Sponsored by:

Assemblyman JOE DANIELSEN

District 17 (Middlesex and Somerset)

Co-Sponsored by:

Assemblywoman Carter

SYNOPSIS

���� Requires Department of Treasury to review and approve
digital payment platform.

CURRENT VERSION OF TEXT

���� Introduced Pending Technical Review by Legislative
Counsel.

��

An Act

concerning certain digital payment platforms and
supplementing Title 17 of the Revised Statutes.

����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:

����� 1.�� The�
Department of the Treasury shall review and approve a viable blockchain-based,
digital payment platform to provide payment services to legal and licensed
businesses in this State that do not have access to traditional financial
services and are forced to operate in cash-only or cash-heavy environments. The
purpose of the payment platform shall be to provide a safe, secure, and
compliant system that does not exclude these businesses from participating in
digital commerce.

���� 2.��� The payment platform
shall provide businesses with access to cashless transactions and to secure
revenue on a one-to-one basis of virtual currency to United States dollars.� A
business shall only have access to the payment platform with approval from the
State.� The payment platform shall provide the ability to manage and process
all business expenditures and allow all transactions to be recorded on an
immutable blockchain ledger.� The payment platform shall facilitate regulatory
compliance, provide for audits by the State, and allow for payment of sales tax
to local municipalities.

���� 3.��� This act shall take
effect on the first day of the sixth month next following enactment.

STATEMENT

���� This bill requires the Department
of the Treasury to review and approve a viable blockchain-based, digital
payment platform to provide payment services to legal and licensed businesses
in this State that do not have access to traditional financial services and are
forced to operate in cash-only or cash-heavy environments. The purpose of the
payment platform is to provide a safe, secure, and compliant system that does
not exclude these businesses from participating in digital commerce.

���� The bill requires the payment
platform to provide businesses with access to cashless transactions and to
secure revenue on a one-to-one basis of virtual currency to United States
dollars. A business is to only have access to the payment platform with
approval from the State.� The payment platform is to provide the ability to
manage�

and process all business
expenditures and allow all transactions to be recorded on an immutable
blockchain ledger. The payment platform is to facilitate regulatory compliance,
provide for audits by the State, and allow for payment of sales tax to local
municipalities.