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NJ Hates Supply Chain Management
Sometimes, when something particularly foolish or misguided happens, all you can do is stare and shake your head.
This, right now, is how I am feeling about NJ. And not because I live in NYC; I am one of the few residents of this hive of scum and villainy that does not look down my nose at our neighbors across the river. Well, at least not normally.
Today I am.
NJ is expected to pass this legislation, and there are glaring and somewhat hilarious problems.
First, the definition of Digital Asset:
“Digital asset” means a representation of economic, proprietary, or access rights that is stored in a machine-readable format, has a transaction history that is recorded in a distributed, digital ledger or digital data structure in which consensus is achieved through a mathematically verifiable process, and includes digital consumer assets and virtual currency. “Digital asset” shall not include securities, whether in digital form or otherwise, as defined pursuant to subsection m. of section 2 of P.L.1967, c.93 (C.49:3–49), or as defined pursuant to paragraph (1) of subsection (a) in the federal “Securities Act of 1933,” 15 U.S.C. s.77b(a)(1), or paragraph (10) of subsection (a) of the federal “Securities Exchange Act of 1934,” 15 U.S.C. s.78c(a)(10).” —
