Short News View Non-AMP

New York Senator Pushes for Crypto Task Force to Study Industry Impact

Published by
Qadir AK

New York State Senator James Sanders Jr. has introduced a bill to create a 17-member crypto task force to examine the impact of cryptocurrencies on the state’s economy, tax system, and regulations. The study will also assess environmental concerns and compare New York’s crypto rules to other jurisdictions. If approved, the task force must present its findings by December 2027. Meanwhile, over 20 U.S. states are exploring crypto-related legislation, with potential regulations driving billions in Bitcoin demand, according to VanEck. The bill is currently under committee review.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Dogecoin (DOGE) Poised for 21% Drop, Bearish Setup Confirmed?

Despite a recent 16% price decline, Dogecoin (DOGE), the world’s largest crypto meme coin, is…

April 6, 2025

Will Bitcoin Crash Again? Bearish Pattern Spotted

Amid the ongoing tariff war, Bitcoin (BTC), the world’s largest cryptocurrency by market cap, is…

April 5, 2025

Bitcoin Outperforming the Tech Stocks—Is It a Good Sign for the BTC Price Rally?

The Bitcoin volatility has risen over the past few weeks as the price has been…

April 5, 2025

What Are SEC’s New “Covered Stablecoins”? Tether’s USDT May Not Qualify!

In a rare and clear move, the U.S. Securities and Exchange Commission (SEC) has introduced…

April 5, 2025

Why Is Ethereum Price Underperforming in 2025?

Ethereum (ETH), the world’s second-largest cryptocurrency by market value, is going through a rough patch.…

April 5, 2025

FTX Rejects Nearly 400,000 Claims Worth $2.5 Billion – Here’s What Happened

FTX’s bankruptcy case has just taken a big step. Nearly 400,000 customer claims—worth up to…

April 5, 2025