Cointime

Download App
iOS & Android

New York Bill Proposes Using Blockchain to Safeguard Election Results

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.

Comments

All Comments

Recommended for you

  • US Initiates 337 Investigation on AI Server Power Products, 20 Companies Listed

    On October 10, according to Tonghuashun news, on October 9 Eastern Time, the U.S. International Trade Commission (USITC) announced the initiation of a 337 investigation into 'certain vertical power transmission systems, their components, and computing systems containing such systems,' targeting the power supply segment for AI servers. A total of 20 companies are named, including Luxshare Precision, Foxconn Industrial Internet, Hon Hai, Hongbai Technology, Delta Electronics, Quanta Computer, Cloud Computing, Infineon, ChipSource Systems, Flex, and Tianhong Technology, spanning mainland China, Taiwan, the United States, Germany, Singapore, and Canada. The investigation stems from a complaint filed by Massachusetts-based power module manufacturer Vicor on September 9, alleging that the products in question infringe its patents and requesting the issuance of a limited exclusion order and a cease-and-desist order. This marks Vicor's third similar complaint in three years. According to USITC procedures, a target date for conclusion will be set within 45 days of the case being filed, and it will take a considerable amount of time to reach a formal conclusion.

  • Robinhood Crypto Explores Launching Stock Tokens with T. Rowe Price Digital Assets

    On October 10, Robinhood Crypto is exploring the launch of stock tokens linked to actively managed ETFs on the Robinhood Chain in collaboration with T. Rowe Price Digital Assets, which manages assets worth $1.9 trillion. The partnership is in the exploratory phase, and the potential product launch requires legal due diligence, approval from the issuer's board, final terms announcement, and regulatory approval from relevant jurisdictions. There is currently no guarantee that the collaboration will proceed or that the product will be launched, and specific details regarding the format, timing, and applicable regions have yet to be determined.

  • NVIDIA Reportedly Halts Production of RTX 5090 High-End Gaming GPU in Favor of Expensive Professional Cards

    On October 10, NVIDIA may have ceased production of the most powerful consumer graphics card, the RTX 5090, reallocating its core chips to higher-priced professional graphics cards. Hardware leaker MEGAsizeGPU claims that all future production of the GB202 chip will be supplied exclusively to the RTX PRO series, with no further use for the RTX 5090. Another leaker, hongxing2020, shared what appears to be a factory notice indicating that the China-exclusive version is also included in the production halt. Both utilize the same series of GB202 chips, but there is a significant price difference: the RTX 5090, equipped with 32GB of memory, was initially priced at $1,999, while the RTX PRO 6000, aimed at AI development and design, features 96GB of memory and is listed at $16,000 on the official website, eight times the price of the former. The RTX 5090 has already been out of stock in the U.S. market, with third-party sellers previously listing it for $9,600. If the production halt is confirmed, consumers will only be able to rely on remaining inventory. Additionally, there are reports that NVIDIA is preparing to launch a 24GB version of the RTX 5080 to replace the RTX 5090 as the highest-end gaming graphics card, while the current RTX 5080 has only about half the CUDA cores of the RTX 5090, resulting in approximately 30% lower performance in 4K gaming.

  • Putin States Negotiations with Ukraine Currently Impossible

    On October 10, Russian presidential aide Ushakov provided details about the phone call between the leaders of Russia and the United States. Ushakov stated that during the call, Putin elaborated on the measures Russia has taken in response to the terrorist attacks carried out by the Ukrainian armed forces. Putin indicated that Ukraine is attempting to undermine the Russian State Duma elections and is attacking civilians, which has compromised the possibility of immediately resuming negotiations. He also noted that Ukraine's attempts to hinder the advance of Russian troops have no prospects for success, as the Russian military currently holds complete initiative on the battlefield and is continuing to advance. Putin emphasized that due to Ukraine's stance, particularly its efforts to disrupt the Russian Duma elections, it is currently impossible to resume negotiations with Ukraine. Trump has instructed that the message conveyed by Putin during the call be communicated to the Ukrainian delegation. Ushakov mentioned that there has been no specific discussion yet regarding a potential bilateral meeting between Putin and Trump.

  • Telegram Renames Gram Wallet to Money and Launches for All Users

    On October 9, Telegram officially renamed its previously limited-access wallet service 'Gram wallet' to 'Money' and launched it to over one billion users across the platform. 'Money' is an integrated wallet for the Gram token, supporting storage, transfers, and purchases of platform gifts and collectible usernames. Additionally, the accompanying trading platform 'Walt' offers services for over 300 assets, including tokenized stocks, precious metals, perpetual contracts, and wealth management projects. Users can make instant transfers from 'Walt' to the 'Money' wallet without incurring network fees. The official statement also cautions that investing in crypto assets carries associated risks.

  • Blockchain.com Seeks Approval for Prediction Markets and Cryptocurrency Derivatives Trading

    On October 9, the crypto asset platform Blockchain.com submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) seeking to obtain licenses for a designated contract market (DCM) and a futures commission merchant (FCM) to offer event contracts (prediction markets) and cryptocurrency derivatives trading services to U.S. users.

  • US May Seize Approximately $1 Billion in Cryptocurrency Related to Iran This Week

    U.S. Treasury Secretary Bencet stated at the NPolicy Summit held by Newsmax in Washington on Thursday that we may seize $1 billion in cryptocurrency this week, adding, "We know where it is, and we are isolating them." Bencet noted that the Trump administration's approach to Iran has shifted from 'maximum pressure' to 'absolute isolation,' with measures including maritime blockades, restrictions on air travel, and the cutting off of land routes. The UAE and Oman are cooperating with the U.S., which is also working with Pakistan and Turkey to cut off all land routes in and out of Iran.

  • Zcash Development Team Plans to Introduce Quantum-Resistant Signatures in January

    The development team of the privacy cryptocurrency Zcash (ZEC) plans to introduce post-quantum signature opcodes to the network in January next year, supporting hash-based signature technology to defend against potential quantum computing attacks. This solution primarily targets the transparent (public) payment pool, where approximately 70% of ZEC is currently stored. Although the developers have set January as the target deadline, the specific network activation time has not yet been finalized. This upgrade aims to prevent attackers from using existing public keys to reverse-engineer private keys and forge payment authorizations. Additionally, the Zcash node validator Zakura has launched a wallet tool based on Private Information Retrieval (PIR), allowing users to query balances across multiple addresses without revealing the correlation between those addresses to the server. Previously, Ethereum researcher Justin Drake warned that artificial intelligence could accelerate the cracking of traditional encryption algorithms and urged cryptocurrency holders to prepare for potential security threats.

  • BTC Surpasses $83,000

    Market data shows that BTC has surpassed $83,000, currently priced at $83,017.3, with a 24-hour increase of 0.66%. The market is highly volatile, so please ensure proper risk management.

  • Central Committee and State Council: Comprehensive Implementation of 'AI+' Initiative

    On October 9, the Central Committee of the Communist Party of China and the State Council issued the 'Opinions on Developing New Quality Productive Forces.' The opinions mention the comprehensive implementation of the 'AI+' initiative. This includes promoting the transformation of traditional industries through artificial intelligence, accelerating the development of new-generation intelligent terminal applications such as smart connected new energy vehicles, AI smartphones and computers, and humanoid robots. It aims to speed up innovation in digital intelligence technologies like artificial intelligence, break through foundational theories and core technologies, and strengthen the efficient supply of computing power, algorithms, and data. The strategy involves tailored approaches based on local conditions and industry-specific policies to layout national pilot bases for AI industry applications and high-value application scenarios, vigorously promoting the application of AI across various sectors. Additionally, it emphasizes the establishment of a technology monitoring, risk warning, and emergency response system to ensure that artificial intelligence is safe, reliable, and controllable.