Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected.
US Bitcoin reaches tentative settlement to reopen Niagara Falls mining facility
After a lengthy legal tussle, the company will have to pay various fees and fines and take extensive noise control measures.
NY AG sues KuCoin for selling securities and commodities without registration
New York Attorney General Letitia James said the suit is the first time a regulator has claimed Ether is a security in court.
New York state announces another upgrade to its virtual currency monitoring capacity
The New York State Department of Financial Services did not describe its new capacities, but said they will contribute to the detection of a variety of illegal activities.
Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution
While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia.
New York sued by environmental group after approval of crypto mining facility: Report
The approval violates the New York climate law of 2019, plaintiffs claim. The facility was acquired by the Canadian crypto mining firm Digihost.
First US State where you can no longer mine crypto: Law Decoded, Nov. 21-28
New York governor Kathy Hochul signed the moratorium, prohibiting any new mining operations that aren’t based on 100% renewable energy.
New York AG pushes prohibition of crypto purchases via retirement funds
The NYAG clarified that digital assets differ from blockchain technology, and it has no issues with citizens purchasing stakes in publicly traded blockchain-based businesses in retirement accounts.
US national crypto laws should look like New York’s, says state regulator
The superintendent of the New York Department of Financial Services highlighted her state’s stringent standards as the blueprint for federal legislation.
New York state releases guidance for issuing dollar-backed stablecoins
The NY State Department of Financial Services, notorious for its strictness, claims to be the first regulator in the country to impose requirements of the type.
Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea
Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region.
Law Decoded: The difference between New York City and New York State, April 25-May 2
New York State moratorium on PoW mining reinvigorates the conversation around crypto industry’s sustainability.
Go green or go home? What the NY State mining moratorium could mean for crypto industry
The “anti-technology” bill could accelerate mining operators’ switch to renewable energy, experts say.
New York Mayor urges state to abandon ‘stifling’ BitLicense scheme
“We have to continue to be competitive” the mayor said in a keynote interview at a London crypto conference where he suggested scrapping the states’ BitLicensing requirement.
New York legislators to vote on PoW mining moratorium this week
If passed, the suspension of both new licenses and renewal applications will last for two years.
NY Sen. Thomas proposes to criminalize rug pulls and other crypto frauds
Senator Kevin Thomas seeks to provide prosecutors with a clear legal framework against crypto crimes that align with the spirit of the blockchain while combatting fraud.
NY State Supreme Court dismisses petition against crypto mining company
The judge ruled that the petition lacked merit as he didn’t find proof of the environmental harm.
Crypto lender Nexo confirms NYAG order, calls it a ‘mix up’
Nexo Financial confirms to be one of the two crypto lending firms to receive the cease and desist order from Attorney General James’ office.
New York businesses ask governor to deny permits for crypto mining
Crypto mining’s environmental impact continues to raise concerns with regulators and businesses alike.
Blockchain Bills Are Advancing in the New York State Senate – Here’s Why
Now in its second year, the New York State Senate’s Internet and Tech Committee has approved two blockchain bills, which now go to the full Senate for a vote.