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S 5473 NY

Requires certain disclosures in advertisements involving virtual tokens

NY · session 2025-2026 · Senate · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Feb 21, 2025

Latest action (Jun 2, 2026) SUBSTITUTED BY A391

Summary

This bill requires developers of virtual tokens to make certain disclosures in advertisements for those tokens. The bill also establishes restrictions on how virtual token advertisements can be presented. The specific disclosures and advertising restrictions are not detailed in the abstract provided.

AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.

Official abstract

Requires certain disclosures by a developer of virtual tokens in advertisements involving such virtual tokens; provides restrictions concerning advertising.

Sponsor (1)

Action history (10)

  1. Feb 21, 2025 REFERRED TO BANKS · upper
  2. May 20, 2025 1ST REPORT CAL.1172 · upper
  3. May 21, 2025 2ND REPORT CAL. · upper
  4. May 22, 2025 ADVANCED TO THIRD READING · upper
  5. Jun 13, 2025 COMMITTED TO RULES · upper
  6. Jan 7, 2026 REFERRED TO BANKS · upper
  7. Jan 28, 2026 1ST REPORT CAL.188 · upper
  8. Jan 29, 2026 2ND REPORT CAL. · upper
  9. Feb 3, 2026 ADVANCED TO THIRD READING · upper
  10. Jun 2, 2026 SUBSTITUTED BY A391 · upper

Full text

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