New York legislation · 2025-2026 General Assembly
New York A11616: Regulates certain bounty websites
Status: In committee, July 29, 2026
Regulates certain bounty websites which offer meme currency in exchange for completing tasks are consistent with New York state law; defines "meme currency"; authorizes the attorney general to ensure bounty websites are compliant with the law.
What the bill says
An act to amend the general business law, in relation to regulating certain covered platforms which offer bounties in exchange for meme currency.
From the introduced text, July 29, 2026:
AN ACT to amend the general business law, in relation to regulating certain covered platforms which offer bounties in exchange for meme currency THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. The general business law is amended by adding a new section 390-f to read as follows: § 390-F. BOUNTY WEBSITE REGULATION. 1. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "BOUNTY" SHALL MEAN A UNILATERAL TASK POSTED BY A USER REQUESTING ANOTHER USER COMPLETE A TASK IN EXCHANGE FOR SOMETHING OF VALUE. FOR THE PURPOSES OF THIS SECTION, "SOMETHING OF VALUE" SHALL INCLUDE MEME CURRENCY. (B) "COVERED PLATFORM" SHALL MEAN A PUBLIC OR SEMIPUBLIC INTERNETBASED SERVICE OR APPLICATION THAT HAS USERS IN NEW YORK STATE AND OFFERS THE TRADING OF MEME CURRENCIES IN EXCHANGE FOR COMPLETING A BOUNTY POSTED BY A USER. (C) "MEME CURRENCY" SHALL MEAN A CATEGORY OF CRYPTOCURRENCY THAT DERIVES ITS PERCEIVED VALUE PRIMARILY FROM INTERNET CULTURE, SOCIAL MEDIA PROMOTION, AND SPECULATIVE TRADING RATHER THAN ANY UNDERLYING UTILITY OR TECHNOLOGICAL INNOVATION. 2. ANY COVERED PLATFORM WHICH HAS A SYSTEM WHERE USERS CAN OFFER A BOUNTY TO OTHER USERS IN EXCHANGE FOR A MEME CURRENCY SHALL BE REQUIRED TO REMOVE ANY SUCH BOUNTY THAT REQUIRES A PERSON TO VIOLATE …
Sponsors
- Powers, Keith (D, 74) · primary sponsor
Latest actions
- : REFERRED TO SCIENCE AND TECHNOLOGY
Subjects: General Business Law
Common questions
- What is A11616?
- A11616 is a bill in the New York Legislature (2025-2026 General Assembly): Regulates certain bounty websites.
- What does A11616 do?
- In its own words: An act to amend the general business law, in relation to regulating certain covered platforms which offer bounties in exchange for meme currency.
- What is the status of A11616?
- In committee as of July 29, 2026. Latest action: REFERRED TO SCIENCE AND TECHNOLOGY (July 29, 2026).
- Who sponsored A11616?
- Powers, Keith (D, 74).
- Where is the official record for A11616?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A11616
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.