New York Governor Kathy Hochul announced that Kaitlin Asrow will take over as acting superintendent of the NYDFS on Oct. 18, replacing Adrienne Harris.
New York News
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New York City Mayor Eric Adams is officially out of the mayoral race, plunging the city’s pro-crypto push into limbo.
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Bullish secures NYDFS BitLicense and Money Transmission License, unlocking crypto trading and custody services for institutions in New York.
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New York Assemblymember Phil Steck introduced a bill that would see the state tax the sale and transfer of crypto assets.
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Letitia James, who holds New York state’s top law enforcement position, has come under scrutiny from some, claiming she was engaging in “lawfare” against the crypto industry.
41349 - Breaking news
In January, the Terraform Labs co-founder pleaded not guilty to several charges, including securities fraud, market manipulation, money laundering and wire fraud.
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The New York Department of Financial Services (NYDFS) said the fine was due to a lack of anti-money laundering oversight.
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Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill say they’ll change their not guilty plea relating to charges tied to their crypto mixing service.
7648 - Spotlight
Users can directly participate in this protocol’s success by bidding on bundles of network fees in a deflationary auction model that anyone can register for.
27131 - Analysis
Zohran Mamdani has made waves after his primary election victory, but what would he mean for the crypto industry in NYC?
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Letitia James argues that federal stablecoin bills should stipulate that issuers be regulated like banks and that they have FDIC insurance requirements to prevent systemic financial risks.
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Zohran Mamdani defeated Andrew Cuomo in the Democratic primary for New York City’s mayoral election, but he’ll be competing in a field where digital assets could be an issue.
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The interim US Attorney for the Southern District of New York requested an exclusion so prosecutors and defense lawyers may discuss a “potential resolution” for Michelle Bond's case.
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In a Wednesday status conference, the judge overseeing the Terraform Labs co-founder’s case reportedly said he was “mindful of the GENIUS Act.”
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Mayor Eric Adams criticized Andrew Cuomo’s approach to crypto as New York governor, as voters in the Democratic primary prepare to choose their candidate for the November election.
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