The regulator has brought enforcement actions against Coinbase and Robinhood.
NY Financial Regulator Adopts Virtual Currency Assessment Rule
The New York Department of Financial Services (NYDFS) has adopted a new regulation for how crypto companies will be assessed for costs associated with their supervision.
NYDFS Chief Dismisses ‘Choke Point 2.0’ Theory of Signature’s Closure as ‘Ludicrous’
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.”
Signature Bank Shutdown Caused by ‘Crisis of Confidence’ in Leadership, NYDFS Says
The New York Department of Financial Services denied that Signature Bank was shut down for crypto-related reasons, instead saying the bank’s leadership did not provide reliable information about its operations over the past weekend.