New York News

The bill seeks to legalize cryptocurrency payments using Bitcoin, Ethereum, Litecoin and Bitcoin Cash, but may mandate an an additional state “service fee” for these transactions.

Letitia James has rallied Congress to support stopping US retirement funds from investing in crypto or crypto ETFs, which she claimed have “no intrinsic value.”

Former New York Governor Andrew Cuomo reportedly advised OKX on legal issues stemming from a probe into its prior violations of US Anti-Money Laundering laws.

Anthony Scaramucci called NAYG’s lawsuit against Galaxy Digital “lawfare,” while another crypto executive said the particular law was so unusual he had to look it up on ChatGPT.

Kelsier Ventures, KIP Protocol and Meteora have been sued in a New York court for their alleged role in the Libra token scandal, which saw around $107 million pooled from investors.

“There was nothing funny about his use of a Seinfeldian company, Vandelay Industries, to carry out this fraud,” said US Attorney John Durham.

“In my view, these activities should fall firmly within the jurisdiction of law enforcement agencies,” crypto regulations experts told Cointelegraph.

“The company is engaging in conversations with NYDFS to determine whether this matter can be settled on acceptable terms,” Block Inc. said in a regulatory filing.

US officials have seized $31 million worth of crypto linked to a 2021 hack of Uranium Finance, a now-defunct DeFi platform on BNB Chain.

SafeMoon chief technology offer Thomas Smith is now pleading guilty to allegations that he took part in a $200 million crypto scheme.

The acting US Attorney for the Southern District of New York reportedly resigned after the federal Justice Department directed her to halt a case against NYC Mayor Eric Adams.

The task force would investigate how many digital currencies are being traded, the number of exchanges in New York and how crypto affects the state and local tax receipts, among other priorities.

The payments firm said with the addition of the two US states, it held more than 50 licenses across different jurisdictions.

The New York regulator’s Transatlantic Regulatory Exchange program would allow the NYDFS to exchange senior staff experienced in digital assets with those at the Bank of England.

Rostin Behnam exits the US CFTC and calls for stronger regulation, Russia confiscates $10 million in Bitcoin and the IMF advises Kenya on crypto regulations.