New York

New York AG Urges Congress to Create Robust Crypto Regulatory Framework to Prevent Fraud

New York AG Urges Congress to Create Robust Crypto Regulatory Framework to Prevent Fraud

Leave a Comment / Crypto Regulation News, Crypto Regulations, New York /

Letitia James, New York Attorney General (NY AG), has sent a letter to U.S. congressional leaders, urging them to “create common sense federal regulation for digital assets.” She flagged the “unique risks” posed by cryptos, calling for a change in order to “serve America’s national interests.” “We write to identify various of these risks and […]

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Block Inc faces million fine for lax Bitcoin transactions oversight

Block Inc faces $40 million fine for lax Bitcoin transactions oversight

Leave a Comment / Bitcoin, Block, crypto, Featured, Jack Dorsey, New York, Regulation /

Block Inc., the company behind Cash App and led by Jack Dorsey, has been fined $40 million by the New York Department of Financial Services (NYDFS). The penalty, announced on April 10, stems from widespread lapses in the company’s anti-money laundering (AML) and compliance systems related to its virtual currency operations. NYDFS Superintendent Adrienne Harris

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New York explores blockchain to ‘protect voter records and election results’

New York explores blockchain to ‘protect voter records and election results’

Leave a Comment / Adoption, blockchain technology, Featured, New York, Technology /

New York is taking steps toward using blockchain technology to improve its election integrity. On April 8, Assemblymember Clyde Vanel introduced Bill A7716, which proposes a study into the feasibility of using blockchain to enhance the security and integrity of state elections. According to the bill: “The state board of elections, in consultation with, and

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New York Court Bans Genius Group from Trading Stocks and Holding Bitcoin

New York Court Bans Genius Group from Trading Stocks and Holding Bitcoin

Leave a Comment / Bitcoin, Bitcoin News, New York, News /

Key Takeaways: The court order against Genius Group is part of the growing tension between decentralized financial strategies and centralized legal systems. Forced Bitcoin liquidation shows vulnerabilities in corporate crypto reserves, challenging the viability of Bitcoin-first treasury strategies amid regulatory uncertainties. This case highlights the risks of cross-jurisdictional legal conflicts, where U.S. court actions threaten

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