New Jersey Bitcoin Reserves and Cryptocurrency Laws

New Jersey Bitcoin Reserves and Cryptocurrency Legislation

New Jersey Bitcoin Reserve Overview

No Official Reserves
Moderately Restrictive Regulatory Status
Pending Digital Asset and Blockchain Technology Act

New Jersey Bitcoin Reserves

New Jersey Legislative Breakdown

State	BTC Reserves	% of Global Holdings	Legal Status	Last Updated	Key Laws and Regulations
New Jersey (NJ)	No Official Reserves	0%	Moderately Restrictive	2025-01-30	A2249 (2025): Digital Asset and Blockchain Technology Act, proposes licensing for digital asset businesses; pending as of May 2025 S3694 (2024): Proposes banning cryptocurrency ATMs to curb fraud; pending as of May 2025 New Jersey Money Transmitter Act (2017): Requires licenses for crypto-fiat transactions; $100,000 bond and $1M net worth minimum State income tax (1.4–10.75%) and federal capital gains tax (15–20%) apply to crypto earnings ~300,000 residents (~3% of population) use crypto; $6B in transactions (2023–2024, est.) Approximately 25 Bitcoin ATMs, primarily in Newark and Jersey City (2024) No legislation for state-held Bitcoin reserves as of 2025

New Jersey Bitcoin Reserve Status

Current status: NO OFFICIAL RESERVES

New Jersey has not established a state Bitcoin reserve, and no legislation for such a reserve has been proposed as of May 2025. The state’s regulatory environment is moderately restrictive due to stringent money transmitter licensing under the New Jersey Money Transmitter Act and a proposed ban on crypto ATMs (S3694). However, the Digital Asset and Blockchain Technology Act (A2249, 2025) aims to create a licensing framework for digital asset businesses, potentially fostering innovation if passed.

No funds have been allocated for Bitcoin reserves. New Jersey focuses on regulating crypto businesses and addressing fraud concerns over state-held reserves.

1/30/2025

PROPOSED

A2249, the Digital Asset and Blockchain Technology Act, was introduced, proposing licensing for digital asset businesses; the bill is pending.

9/30/2024

PROPOSED

S3694 was introduced, proposing a ban on cryptocurrency ATMs to curb fraud; the bill is pending.

6/1/2017

SIGNED INTO LAW

The New Jersey Money Transmitter Act was enacted, requiring licenses for crypto-fiat transactions with a $100,000 bond and $1M net worth minimum.

New Jersey Bitcoin Reserves and Cryptocurrency Legislation

New Jersey Bitcoin Reserve Overview