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Ripple Names Exchange Partners for Stablecoin RLUSD, Awaits NYDFS Approval

[Oct 15 12:00 PM] Ripple's upcoming stablecoin will leverage its established position for payments and be a key bridge for real-world asset tokenization, Ripple Labs President Monica Long told CoinDesk in an interview.

NYDFS Issues New Crypto Firm Guidance for Consumer Complaints

[May 30 9:12 AM] New York’s top financial regulator has issued new guidance which requires cryptocurrency service providers to collect relevant data to assess whether they are resolving customer service requests and complaints in a timely and fair manner, it…

Ripple to Buy New York Crypto Trust Company to Expand U.S. Options

[Feb 13 9:00 AM] Ripple struck a deal to acquire Standard Custody & Trust Co., the company said Tuesday, in order to secure a New York trust charter in an ongoing expansion of its U.S. regulatory licensing.

New York's Crypto BitLicense Oversight Criticized by State's Comptroller

[Jan 9 11:07 AM] The New York Department of Financial Services (DFS) is drawing some internal heat over whether it's doing a good job overseeing crypto activity through its BitLicense program, according to a review from New York State Comptroller Thomas DiNapoli.

New York Regulator Seeks Tougher Norms for Adding, De-Listing Crypto Coins

[Sep 18, 2023 8:06 AM] Licensees in the state will have to set out technology, market and regulatory risks for listed cryptocurrencies under the state’s BitLicense regime

US House Financial Services Committee Passes Stablecoin Legislation ‘After a Few Fireworks’

[Jul 28, 2023 8:00 AM] The U.S. House Financial Services Committee has passed Chairman Patrick McHenry’s Clarity for Payment Stablecoins Act with bipartisan support. McHenry said committee members, unlike the White House, understood the urgency and importance of…

Nasdaq Halts Crypto Custody Plans Amid Tough US Regulatory Environment

[Jul 19, 2023 11:30 AM] Adena Friedman, CEO of Nasdaq, the international securities marketplace, announced that the firm is postponing its cryptocurrency custody plans due to the United States’ “regulatory environment.” During a Q2 earnings call…

DAI Emerges as Third-Largest Stablecoin, Overtaking BUSD in Market Capitalization

[Jun 16, 2023 4:30 PM] Makerdao’s DAI stablecoin is now the third-largest stablecoin by market capitalization, surpassing Binance USD (BUSD), which has officially declined to $4.304 billion. DAI’s market valuation on Friday, June 16, 2023, is approximately…

Coin Cafe to repay $4.3M in fees that 'wiped out' investors' Bitcoin accounts

[May 18, 2023 8:38 PM] The platform was charging investors ‘exorbitant and undisclosed fees’ with one user being charged recurring fees of $51,000 over a span of 13 months, according to the statement.

New York Regulator Calls Crypto Theories Associated With Signature Bank Closure ‘Ludicrous’

[Apr 6, 2023 5:30 PM] Adrienne A. Harris, the superintendent of New York’s Department of Financial Services, has branded as “ludicrous” the claims that the closure of Signature Bank was related to its crypto business. Harris insisted that the…

NYDFS Chief Dismisses 'Choke Point 2.0' Theory of Signature’s Closure as 'Ludicrous'

[Apr 5, 2023 9:14 AM] Signature Bank’s takeover last month was not a part of any so-called “Operation Choke Point 2.0,” according to Adrienne Harris, superintendent of the New York Department of Financial Services (NYDFS), who called the idea “ludicrous.”

NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

[Mar 12, 2023 6:05 PM] On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the…

Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD

[Feb 16, 2023 8:22 PM] Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.”

BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert

[Feb 13, 2023 3:30 PM] Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in…

Stablecoin issuer Paxos reportedly probed by New York regulators

[Feb 9, 2023 11:42 PM] While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year.