New York Regulators

New York Attorney General Letitia James is pushing for investors to blow the whistle on crypto companies they consider deceiving or misconducting. The AG's intervention comes after a series of debacles that led to people losing their crypto investments. Projects like Terra, Celsius, Voyager, Anchor, and Stablegains have crashed, affecting millions of investors in the process. James believes people have the power to prevent such losses by signaling suspicious activities in crypto projects they support. In a recent tweet, she…

New York is close to signing a two-year moratorium on Bitcoin mining into law. The state assembly passed a bill today to prevent users from renewing fossil-fuel permits for proof-of-work mining activity. New York Against Mining After passing yesterday, the bill is now headed for the Democratic-controlled State Senate. Democrats – who are more concerned with environmental protections than their Republican counterparts – have a reputation for standing against Bitcoin mining. That includes New York City Mayor Eric Adams, who…

In a bid to help stop the spread of the  COVID-19 disease, The New York State Department Of Financial Services (NYDFS) has issued a directive requiring crypto firms to submit their COVID- 19 preparedness plans. In a letter written to the firms on Thursday this week, the regulator noted that the disease has adversely affected the economy. As such, firms needed to develop plans to mitigate risks emanating from the pandemic. The Bare Minimum  The letter cataloged the minimum that…