Matt Platkin was sworn in today as acting Attorney General of New Jersey, assuming the legal powers of the post while he awaits Senate approval.
Governor Phil Murphy nominated by Platkin on February 3.
“It is a great honor for me to start my new role as Acting Attorney General,” he said on Twitter. “I am extremely humble for the opportunity (of Governor Murphy) to serve my home state and its wonderful residents.”
He replaces Andrew Brook, who has held the post since July when Gurbir Grival resigned to get a full-time job in the U.S. Securities and Exchange Commission.
There are only two real differences between an acting attorney general and a permanent one: Platkin will not be in the gubernatorial succession line – lieutenant, senate president and assembly speaker precede the attorney general, followed by authorized vehicle staff – and until the senate confirms it, Murphy may fire him.
Platkin’s first public announcement came this morning when he announced that the state had reached an agreement with BlockFi Lending, a Jersey City-based financial services company, to sell interest-bearing deposit accounts in digital assets.
“Investments related to cryptocurrencies may offer investors something new, but they still have to follow the rules,” said Platkin. “Today’s actions show that companies that provide financial products and services with digital assets must comply with state and federal laws, and demonstrate New Jersey’s commitment to protecting investors in these new markets.
According to Shlomo Shura of Lakewood Shopper, Platkin took an oath to use the morning with Art Scroll English Tanach.