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S3626 • 2026

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

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

Passed Legislature

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

Sponsor
Zwicker, Andrew
Last action
2026-02-19
Official status
Introduced in the Senate, Referred to Senate Commerce 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: Commerce 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. 2026-02-19 New Jersey Legislature

    Introduced in the Senate, Referred to Senate Commerce Committee

Official Summary Text

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

Current Bill Text

Read the full stored bill text 
S3626

SENATE, No. 3626

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED FEBRUARY 19, 2026

Sponsored by:

Senator� ANDREW ZWICKER

District 16 (Hunterdon, Mercer, Middlesex and Somerset)

SYNOPSIS

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

CURRENT VERSION OF TEXT

���� As introduced.

��

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.