U.S. Regulation

New Bill Proposes Blockchain For Fair Elections in New York

A New York State Representative has presented a new bill that will see the use of blockchain technology for ensuring fair and impartial elections within New York State. New York State Assembly member Clyde Vanel (D-33) presented Assembly Bill A7716 to the New York State Board of Elections for an assessment of blockchain technology applications to safeguard voting information and prevent election results alteration.
The New York Assembly Election Law Committee will review this bill by requesting a thorough report about blockchain possibilities to ensure election transparency. The entire process is expected to take atleast an year’s time. The proposed legislation describes blockchain as a decentralized, cryptographically secured, and immutable ledger that offers an “uncensored truth.” It directs the Board of Elections to collaborate with the Office of Information Technology Services and consult experts in blockchain, cybersecurity, voter fraud prevention, and election systems.
The bill requires passage from the entire Assembly and Senate followed by the governor’s approval, to establish a new law. The proposed bill remains in the committee period before alternative discussions and possible modifications can be made. After bill passage the state board must complete their report submission during the following twelve months. Vanel has already introduced this measure at least once before attempts of this nature. The governor’s office received no previous similar bills among the proposals made since 2017.
Terron Gold

Recent Posts

Cypherpunk Launches World’s Largest Zcash Mining Fleet in $33 Million Winklevoss Deal

Cypherpunk Technologies is expanding its massive bet on Zcash by launching what it calls the…

5 days ago

MapleStory Universe Launches AI Game Jam With $15,000 in NXPC Prizes

MapleStory Universe is putting artificial intelligence in the hands of game creators with the launch…

6 days ago

Kalshi Pushes Beyond Prediction Markets With Copper Perpetual Future Filing With CFTC

Kalshi is making another major move beyond prediction markets, filing with the Commodity Futures Trading…

6 days ago

Coinbase Brings 50x Crypto Perpetual Trading to Base App Through Hyperliquid

Coinbase is bringing high-leverage decentralized derivatives directly into its Base App through an integration with…

6 days ago

Hong Kong Puts First Regulated Stablecoin to Work in Insurance and $49 Billion UAE Trade Market

Hong Kong's first regulated Hong Kong dollar stablecoin is moving beyond testing and into real-world…

6 days ago

Fake Trezor, Ledger and Exodus Apps Target Crypto Users in Massive Seed Phrase Scam

Cybersecurity researchers at Rapid7 have uncovered a sophisticated crypto fraud operation that used nearly 885,000…

7 days ago