NYDFS

Binance CEO Changpeng Zhao (Antonio Masiello/Getty Images)
Binance USD's $16B Market Cap Up for Grabs as Paxos Regulatory Action Stirs Up Stablecoin Rivalry
Tether’s USDT stablecoin will likely be a big winner as Paxos stops issuing Binance USD stablecoin after being sued by the top U.S. securities watchdog.
Binance CEO Changpeng Zhao (Antonio Masiello/Getty Images)

Adrienne A. Harris, superintendent of the New York Department of Financial Services (NYDFS)
Regulator NYDFS Says Paxos Didn't Administer Binance USD in 'Safe and Sound' Manner: Reuters
The New York regulator said Paxos’ management of the stablecoin left it open to use by bad actors.
Adrienne A. Harris, superintendent of the New York Department of Financial Services (NYDFS)

Paxos CEO Charles Cascarilla at Invest 2018 (CoinDesk)
SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ
Paxos also faces a probe from the New York Department of Financial Services.
Paxos CEO Charles Cascarilla at Invest 2018 (CoinDesk)

Stablecoin Issuer Paxos Is Being Investigated by New York Regulator
Stablecoin Issuer Paxos Is Being Investigated by New York Regulator
The New York Department of Financial Services (NYDFS) is investigating stablecoin issuer Paxos, CoinDesk has learned. The full scope of the investigation is unclear. CoinDesk...
Stablecoin Issuer Paxos Is Being Investigated by New York Regulator

Paxos CEO Charles Cascarilla (Danny Nelson/CoinDesk)
Stablecoin Issuer Paxos Is Being Investigated by New York Regulator
The scope of the crypto-related investigation is not yet clear.
Paxos CEO Charles Cascarilla (Danny Nelson/CoinDesk)

Gemini Customers Given Confusing Information About Whether Earn Accounts Were FDIC Insured: Report
Gemini Customers Given Confusing Information About Whether Earn Accounts Were FDIC Insured: Report
Cryptocurrency exchange Gemini reportedly implied to customers that their assets in its interesting-bearing Earn product were safe because they were backed by the Federal Depo...
Gemini Customers Given Confusing Information About Whether Earn Accounts Were FDIC Insured: Report

Gemini founders Cameron and Tyler Winklevoss (Shutterstock)
Crypto Exchange Gemini Emphasized FDIC Insurance in Communications With Earn Customers: Report
Gemini reportedly repeatedly implied that the assets of customers using its Earn product were safe thanks to being backed by the Federal Deposit Insurance Corp.
Gemini founders Cameron and Tyler Winklevoss (Shutterstock)

Sam Bankman-Fried, after pleading “not guilty” in federal court. (Michael M. Santiago/Getty Images)
In Wake of FTX, New York Reminds Crypto Firms to Segregate Customer Funds
The crypto exchange's bankruptcy proceedings revealed poor segregation of customer funds, so the New York regulator is reminding service providers to keep clean records.
Sam Bankman-Fried, after pleading “not guilty” in federal court. (Michael M. Santiago/Getty Images)

New York City (Alexander Spatari/Getty Images)
New York Banks Must Seek Advance Permission for Crypto Activity, Regulator Says
New guidance from the state Department of Financial Services sets a 90-day advance notice period
New York City (Alexander Spatari/Getty Images)