Can New York AG’s Crypto Proposal Offer Investors Greater Protection?

The CRPTO Act focuses on transparency and conflicts of interest in an already crypto-savvy state.

• 2023-05-11
• Crypto regulation New York State Department of Financial Services Letitia James OAG digital assets the Empire State regulations nascent industry New York Attorney General

New York regulator says Signature Bank closure ‘nothing to do’ with cryptocurrencies: Reuters

The decision to shut down Signature Bank at the weekend was not related to cryptocurrencies, the New York regulator told Reuters on Tuesday.

• 2023-03-15
• Signature Bank New York State Department of Financial Services Silicon Valley Bank NYDFS

PayPal pauses stablecoin work amid regulatory scrutiny of crypto - Bloomberg News

PayPal had hoped to debut the stablecoin, which will be backed one for one by the dollar, in the coming weeks, Bloomberg reported, citing a person with knowledge of the matter. The macroeconomic weakness has also begun to pressure growth at PayPal's core business as consumer spending, particularly discretionary purchases, comes under pressure due to a cost-of-living crisis, triggered by decades-high inflation.

• 2023-02-11
• PayPal New York State Department of Financial Services Bloomberg News