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DCG, Top Executives Renew Push to Get New York AG’s Civil Fraud Suit Dropped

[Jul 2 1:24 PM] Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top executives – CEO and founder Barry Silbert and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned trading arm Genesis – have made a final effort to convin

New York Recovers $50 Million From Gemini — Bans the Exchange From Crypto Lending in the State

[Jun 15 10:21 AM] New York Attorney General Letitia James has secured a $50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were…

NYAG Takes Victory Lap as Court Approves Genesis Settlement

[May 20 11:16 PM] NYAG says the settlement will establish a fund for New Yorkers who invested more than $1.1 billion in Genesis through the Gemini Earn program and blocks Genesis from operating in the state.

DCG Calls Out Subsidiary Genesis' Settlement With New York as 'Subversive'

[Feb 21 4:48 PM] Digital Currency Group (DCG) is objecting to the settlement between the New York attorney general and Genesis – the failed crypto lender that was among DCG's array of digital assets businesses.

New York Expands Fraud Case Against Digital Currency Group to $3 Billion

[Feb 9 11:46 AM] New York Attorney General Letitia James has amplified its fraud case against Digital Currency Group (DCG), now saying the company is responsible for $3 billion in investor losses tied to the Gemini Earn product and to direct investments with…

US Court Dismisses Former Celsius Network CEO’s Motion to Block New York Attorney General’s Lawsuit

[Aug 6, 2023 5:30 PM] Former Celsius Network Alex Mashinsky will now have to defend himself against a lawsuit filed by New York Attorney General Letitia James after a New York County Supreme Court Justice rejected his attempts to have the suit dismissed. The court’s…

Reviewing the Tether Documents

[Jun 21, 2023 2:45 PM] Last week, CoinDesk received documents in response to a New York state Freedom of Information Law request about the details of Tether’s reserves. These documents were released two years after our original filing in 2021 and only after a full-blown…

Coinex Settles With NY Attorney General, Pays $1.7M in Penalties; Announces Exit from US Market

[Jun 16, 2023 8:30 AM] According to a press release issued on June 15 by the Office of the New York State Attorney General, the cryptocurrency exchange Coinex has reached a settlement with Letitia James, the chief law enforcement officer. The attorney general stated that…

Coin Cafe Ordered By New York AG to Pay Back $4.3M in Fraudulent Fees

[May 18, 2023 2:02 PM] Brooklyn-based crypto trading platform Coin Cafe is paying back $4.3 million to defrauded investors, according to a Thursday statement from the New York Attorney General’s office, which accused the company of misleading customers about “exorbitant…

Fiat-backed stablecoins could be used to post bail in New York under proposed bill

[May 11, 2023 12:05 AM] A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment for bail.

New York Attorney General Proposes New Crypto Regulatory Act

[May 6, 2023 3:40 AM] New York Attorney General (AG) Letitia James has proposed a new state bill to regulate the cryptocurrency industry further, as she believes the space is enduring “rampant fraud and dysfunction”. This new set of crypto regulations would impose…

New York Attorney General Seeks New Crypto Powers for State Regulators: Report

[May 5, 2023 7:01 AM] The bill follows legal suits taken by Letitia James in connection to crypto companies like Celsius, CoinEx and Nexo.

Celsius CEO Mashinsky Denies ‘Baseless’ Fraud Claims by New York State

[May 3, 2023 6:00 AM] Attorney General Letitia James said Mashinsky misled investors about the health of the now bankrupt crypto lender.

SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit

[Apr 18, 2023 11:30 AM] According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news…

Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure

[Apr 12, 2023 3:30 PM] According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S…

New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security

[Mar 9, 2023 3:50 PM] On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kucoin. Members of the Office of the Attorney…

Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals

[Jan 25, 2023 4:30 PM] The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financial authorities, the debt token would be called…

NY Attorney General Urges Congress to Ban Crypto in Retirement Accounts

[Nov 24, 2022 9:30 PM] New York Attorney General Letitia James has urged Congress to pass a law prohibiting crypto investments in retirement accounts. “Hardworking Americans should not have to worry about their retirement savings being wiped out due to risky bets…