New York legislation · 2025-2026 General Assembly
New York A391: Requires certain disclosures in advertisements involving virtual tokens
Status: Passed both chambers, June 2, 2026
Requires certain disclosures by a developer of virtual tokens in advertisements involving such virtual tokens; provides restrictions concerning advertising.
What the bill says
An act to amend the financial services law, in relation to requiring certain disclosures in advertisements involving virtual tokens.
From the introduced text, January 2, 2025:
AN ACT to amend the financial services law, in relation to requiring certain disclosures in advertisements involving virtual tokens THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. The financial services law is amended by adding a new section 410 to read as follows: § 410. RESTRICTIONS CONCERNING ADVERTISING. (A) NO PERSON SHALL, IN ANY MANNER, ADVERTISE, PRINT, DISPLAY, PUBLISH, DISTRIBUTE, OR BROADCAST, OR CAUSE OR PERMIT TO BE ADVERTISED, PRINTED, DISPLAYED, PUBLISHED, DISTRIBUTED, OR BROADCASTED, ANY STATEMENT OR REPRESENTATION WITH REGARD TO ANY VIRTUAL TOKEN FOR CONSIDERATION WITHOUT DISCLOSING THE AMOUNT OF CONSIDERATION, WHETHER PAST OR PROSPECTIVE, DIRECT OR INDIRECT, AND THE NATURE THEREOF. (B) NO PERSON SHALL, IN ANY MANNER, ADVERTISE, PRINT, DISPLAY, PUBLISH, DISTRIBUTE, OR BROADCAST, OR CAUSE OR PERMIT TO BE ADVERTISED, PRINTED, DISPLAYED, PUBLISHED, DISTRIBUTED, OR BROADCASTED, ANY STATEMENT OR REPRESENTATION WITH REGARD TO ANY VIRTUAL TOKEN OR OTHER FINANCIAL PRODUCT OR SERVICE IF SUCH STATEMENT OR REPRESENTATION IS, IN ANY MANNER, FALSE, MISLEADING OR DECEPTIVE. (C) FOR THE PURPOSES OF THIS SECTION AND WITHOUT LIMITING SUBSECTIONS (A) AND (B) OF THIS SECTION, A STATEMENT OR REPRESENTATION SHALL BE FALSE, MISLEADING AND DECEPTIVE IF IT STATES OR IMPLIES, DIRECTLY OR INDIRECTLY, THAT A PERSON IS AUTHORIZED LEGALLY TO OFFER OR PROVIDE IN NEW YORK STATE …
Sponsors
- Clyde Vanel (D, 33) · primary sponsor
- Steven Otis (D, 91)
Latest actions
- : RETURNED TO ASSEMBLY
- : PASSED SENATE
- : 3RD READING CAL.188
- : SUBSTITUTED FOR S5473
- : REFERRED TO BANKS
- : DELIVERED TO SENATE
- : PASSED ASSEMBLY
- : ORDERED TO THIRD READING CAL.14
- : RETURNED TO ASSEMBLY
- : DIED IN SENATE
Votes
- Senate Floor Vote (June 2, 2026): 60 yea, 1 nay, passed
- FLOOR Vote (June 2, 2026): 60 yea, 1 nay, passed
- Assembly Floor Vote - Final Passage (January 12, 2026): 144 yea, 0 nay, passed
Subjects: Financial Services Law
Common questions
- What is A391?
- A391 is a bill in the New York Legislature (2025-2026 General Assembly): Requires certain disclosures in advertisements involving virtual tokens.
- What does A391 do?
- In its own words: An act to amend the financial services law, in relation to requiring certain disclosures in advertisements involving virtual tokens.
- What is the status of A391?
- Passed both chambers as of June 2, 2026. Latest action: RETURNED TO ASSEMBLY (June 2, 2026).
- Who sponsored A391?
- Clyde Vanel (D, 33), with 1 co-sponsor.
- Where is the official record for A391?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A391
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.