Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
New York Bill Proposes Using Blockchain to Safeguard Election Results

New York Bill Proposes Using Blockchain to Safeguard Election Results

CointimeCointime2025/04/09 06:11
By:Cointime

Blockchain may soon be part of New York’s strategy to secure the democratic process.

That's the hope of Clyde Vanel (D-33), who filed  Assembly Bill A7716  on Tuesday, proposing that the New York State Board of Elections study how blockchain technology  could be used to protect voter records and election results.

The bill, currently in the Assembly Election Law Committee, calls for a comprehensive report within one year, examining blockchain’s potential as a tool for election integrity.

The legislation defines blockchain as a decentralized, cryptographically secured, immutable, and auditable ledger capable of delivering an “uncensored truth.” 

Despite being built for resilience, blockchain projects remain vulnerable to cyberattacks, especially those targeting individual projects and cross-chain bridges. In recent years, these weak spots have cost the industry billions. A new San Francisco startup, Octane, believes artificial intelligence can help stem the bleeding. In 2024, hackers stole approximately $2.2 billion worth of crypto through exploits. Just four months into 2025, that figure has already nearly been matched, underscoring th...

It mandates that the Board of Elections collaborate with the Office of Information Technology Services and engage experts in blockchain, cybersecurity, voter fraud, and election systems. 

The final report must also consider blockchain implementations in other states and jurisdictions.

If the bill advances, it would need to pass through the full Assembly, undergo the same process in the Senate, and then be signed into law by the governor. 

For now, it remains under committee review, pending discussion or amendment. Yet, should the bill be enacted, the state board would be legally obligated to deliver its findings within 12 months.

This is not Vanel’s first push for such legislation. Versions of the bill have appeared in legislative sessions since 2017, though none have made it to the Governor’s desk. 

Ripple has acquired crypto-friendly prime brokerage Hidden Road for $1.25 billion, marking one of the largest deals in the crypto industry's history.  The blockchain technology firm is aiming to use Hidden Road's platform to serve a wide range of institutional clients on a bigger scale, according to a company statement released on Tuesday.  “We are at an inflection point for the next phase of digital asset adoption – the US market is effectively open for the first time due to the regulatory over...

This year’s version, however, arrives amid growing nationwide interest in exploring blockchain's role in public infrastructure, even as other states pursue very different use cases, such as crypto investment and regulatory reform.

Last month,  Utah lawmakers approved HB230 , a blockchain-friendly bill that protects crypto activities and infrastructure, but stripped language that would’ve allowed the state to invest in  Bitcoin  directly.

HB230 prohibits state and local governments from restricting individuals' and businesses' ability to accept digital assets as payment, use self-hosted or hardware wallets, and participate in blockchain activities such as operating nodes, developing software, transferring assets, and staking.

Meanwhile, the Bitcoin investment strategy gained momentum following President Trump’s March executive order to establish a  Strategic Bitcoin Reserve  at the federal level.

As of now, 47 Bitcoin reserve bills have been introduced in 26 states, with 41 still live, per reserve tracker Bitcoin Law  data .

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like