New York State Department of Financial Services

Coinbase claims SEC has no authority over the exchange’s crypto tokens

Coinbase slammed the SEC’s lawsuit by claiming that the regulatory agency holds no jurisdiction over the cryptocurrencies on its exchange.

Voyager clients vote in favor of Binance.US’ restructuring plan

A recent survey conducted by Stretto revealed that 97% of Voyager Digital clients voted in favor of Binance.US’ $1.022B plan to purchase the bankrupt lender’s assets. 

Coinbase to suspend BUSD trading

Coinbase will remove support for trading Binance USD on March 13. The exchange claimed that BUSD no longer meets its listing standards.

US regulators oppose Binance.US’ $1.022B Voyager acquisition deal

The US SEC, the NYDFS, and Attorney General Letitia James filed objections to Binance.US’ $1.022B bid for acquiring Voyager Digital.

Coinbase affirms its still in strong regulatory position

Coinbase still maintains a strong regulatory position despite the US's disjointed approach. Also, the exchange shared its Q4 and FY’22 report with its shareholders, giving a breakdown of everything happening in the company.

Aave community considers freezing BUSD reserves

The Aave community members are considering a proposal that seeks to freeze BUSD reserves on Aave V2 following the recent crackdown on the stablecoin by regulators.

New York regulator orders Paxos to stop issuing BUSD

NYDFS has ordered Paxos to stop issuing new BUSDs. This action by the regulator might cause a decrease in the BUSD market cap over time and users' migration to other stablecoins. 

Paxos under investigation by New York regulator

Stablecoin issuer Paxos is being probed by the New York Department of Financial Services.

New York Regulator Investigates Gemini Over FDIC Claims

NYDFS is investigating Gemini over FDIC claims. Gemini claimed its Earn product was FDIC insured, but recent events indicate this claim is untrue.

Coinbase Reaches $100M Settlement With NYDFS Over Shortcomings In Compliance Program

Coinbase has agreed to pay a $50M penalty to New York regulators. The exchange will invest another $50M in its compliance program over the next two years.

Latest News

Aave community considers freezing BUSD reserves

The Aave community members are considering a proposal that seeks to freeze BUSD reserves on Aave V2 following the recent crackdown on the stablecoin by regulators.

New York regulator orders Paxos to stop issuing BUSD

NYDFS has ordered Paxos to stop issuing new BUSDs. This action by the regulator might cause a decrease in the BUSD market cap over time and users' migration to other stablecoins. 

Paxos under investigation by New York regulator

Stablecoin issuer Paxos is being probed by the New York Department of Financial Services.

New York Regulator Investigates Gemini Over FDIC Claims

NYDFS is investigating Gemini over FDIC claims. Gemini claimed its Earn product was FDIC insured, but recent events indicate this claim is untrue.

Coinbase Reaches $100M Settlement With NYDFS Over Shortcomings In Compliance Program

Coinbase has agreed to pay a $50M penalty to New York regulators. The exchange will invest another $50M in its compliance program over the next two years.