XRP Attorney Lays out Ripple’s Removal From NY Greenlist
John Deaton, the legal counsel for over 75,000 XRP token holders in the Ripple vs. SEC litigation, discussed New York developments. He claims that these actions have no “political or punitive” motivations. The New York Department of Financial Services (DFS) has garnered attention for its recent action of removing Ripple and Dogecoin from its list […]
New York State DFS releases guidance for issuing dollar-backed stablecoins
The New York State Department of Financial Services (DFS) announced regulatory guidance for DFS-regulated firms issuing US dollar-backed stablecoins. According to a statement from the Department of Financial Services, it is the first authority in the United States to place such demands on a stablecoin issuer. The guidance specifies requirements for redeemability, reserves, and attestation. […]