An assemblyman of the New York state (NYS) legislature announced in a Facebook (NASDAQ:FB) post on Jan. 3 that the state will have the nation’s “first” cryptocurrency task force.
In the post, Clyde Vanel, an NYS assemblyman and Chair of Subcommittee on Internet and New Technologies, stated that New York became the first state in the United States (U.S.) to create a cryptocurrency task force aimed at studying the regulation, use, and definition of digital currency. The governor Andrew Cuomo signed the bill dubbed “The Digital Currency Study Bill” into law on Dec. 21, 2018.