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 […]
NYDFS Introduces Cryptocurrency Oversight Improvements
FOX Business reporter Eleanor Terrett conveyed latest NYDFS crypto policy changes . These changes aim to improve crypto security and transparency. The NYDFS will no longer permit cryptocurrency firms operating in New York State to self-certify the adoption and listing of new tokens, effective immediately. This decision signifies a significant policy shift to ensure that all […]
New York’s Met Museum Agrees to Return $550K in FTX Donations
The Metropolitan Museum of Art in New York City has decided to refund $550,000 in donations it received from the now-bankrupt crypto exchange, FTX. The museum made this decision known in a document submitted on June 2 to the US Bankruptcy Court in Delaware, where FTX initiated its bankruptcy proceedings. The museum’s choice to return […]
Singapore MAS Works With New York Fed To Explore CBDCs
The collaborative effort of MAS and NYIC aims to evaluate the potential use of wholesale CBDCs in international trade. A joint experiment with wholesale central bank digital currencies will be launched by the Monetary Authority of Singapore (MAS) and the New York Innovation Center (NYIC) of the Federal Reserve Bank of New York. The potential […]
New York Governor is yet to officially sign Bitcoin mining ban bill
Kathy Hochul, the Governor of New York, is yet to officially commit to signing the controversial Proof-of-Work (PoW) Bitcoin mining ban law, she says her team will be looking at all the bills very closely. PoW crypto mining operations fueled by fossil fuels would no longer be able to set up shop or renew existing […]