New York

Maria Vullo (NYDFS)

Policy

Svb financial group

Former NY Regulator: Crypto Isn't the Reason Why Signature Bank Was Closed

The bank did not provide reliable and consistent data, said Maria Vullo, a former superintendent of the New York State Department of Financial Services.

Maria Vullo (NYDFS)

By Fran Velasquez

Mar 17, 2023 at 6:59 p.m. UTC

Mar 17, 2023

Svb financial groupSvbSignature BankCoinDesk TVMaria vulloNYDFSbankingNew York

NYDFS Superintendent Adrienne Harris in conversation with Chainalysis co-founder Jonathan Levin at Links 2022. (Cheyenne Ligon/CoinDesk)

Policy

Signature Bank Shutdown Caused by 'Crisis of Confidence' in Leadership, NYDFS Says

The New York regulator pushed back against claims it shut down Signature because of crypto.

NYDFS Superintendent Adrienne Harris in conversation with Chainalysis co-founder Jonathan Levin at Links 2022. (Cheyenne Ligon/CoinDesk)

By Nikhilesh De

Mar 14, 2023 at 10:44 p.m. UTC

Mar 14, 2023

RegulationsNYDFSAdrienne HarrisSignature BankNew York

U.S. President Joe Biden (Chip Somodevilla/Getty Images)

Policy

Silicon valley bank

President Biden Calls for Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses

The government on Sunday evening stepped in to guarantee no losses will be borne by the lenders' depositors.

U.S. President Joe Biden (Chip Somodevilla/Getty Images)

By Nikhilesh De

Mar 13, 2023 at 3:18 p.m. UTC

Mar 13, 2023

Silicon Valley BankSignature BankbidenUSCongressbankingNew YorkRegulation

(SignatureNY.com, modified by CoinDesk)

Policy

Crypto-Friendly Signature Bank Shut Down by State Regulators

Signature said it intended to limit its crypto exposure last year.

(SignatureNY.com, modified by CoinDesk)

By Nikhilesh De

Mar 12, 2023 at 10:25 p.m. UTC

Mar 12, 2023

RegulationsSignature BankNew Yorkbanking

(Neal Kharawala/Unsplash)

Policy

Illinois Officials Pushing State Crypto Licensing to Emulate New York’s BitLicense

New bills to set up a digital assets regulation in Illinois are supported by the local regulator, as states continue to surge ahead of U.S. agencies on cryptocurrency efforts.

(Neal Kharawala/Unsplash)

By Jesse Hamilton

Feb 27, 2023 at 2:00 p.m. UTC

Feb 27, 2023

RegulationsState RegulatorsIllinoisNew YorkBitLicenseLegislation

New York Attorney General Letitia James (Michael M. Santiago/Getty Images)

Policy

NY Attorney General Sues Crypto Exchange CoinEx, Alleges AMP, LBC, LUNA and RLY Tokens Are Securities

The petition alleged that CoinEx listed various tokens and services that qualify as securities and/or commodities under state law.

New York Attorney General Letitia James (Michael M. Santiago/Getty Images)

By Nikhilesh De

Feb 22, 2023 at 10:40 p.m. UTC

Feb 22, 2023

RegulationsNYAGlawsuitsCrypto ExchangeNew York

(Solana Spaces)

Finance

Solana-Themed Storefronts Close Shop, Ending Experiment in IRL Blockchain Evangelism

Solana Spaces will close its New York City and Miami locations by the end of February.

(Solana Spaces)

By Danny Nelson

Feb 22, 2023 at 3:15 a.m. UTC

Feb 22, 2023

SolanaNFTsShutdownNew York

Policy

Tether's Attempt to Block CoinDesk's Request for Stablecoin Reserve Records Dismissed by New York Court

CoinDesk filed a Freedom of Information Law request for documents about Tether's reserves in 2021.

By Nikhilesh De

Feb 10, 2023 at 5:39 p.m. UTC

Feb 10, 2023

RegulationsTetherfreedom-of-information-lawBitfinexCoinDeskNew YorkLegal

(Shutterstock)

Policy

EminiFX CEO Eddy Alexandre Set to Plead Guilty to Role in Alleged $59M Ponzi Scheme

Alexandre was arrested in May and charged with fraud for his role in the alleged pyramid scheme.

(Shutterstock)

By Cheyenne Ligon

Feb 8, 2023 at 6:53 p.m. UTC

Feb 8, 2023

RegulationsNew YorkFraudPonzi

The Digihost power plant in North Tonawanda, New York. (Eliza Gkritsi/CoinDesk)

Finance

Bitcoin Miner Digihost Completes Controversial Power Plant Acquisition, Doubling Energy Capacity

Environmental groups oppose the transaction on the grounds that it impedes New York's greenhouse gas emissions goals.

The Digihost power plant in North Tonawanda, New York. (Eliza Gkritsi/CoinDesk)

By Eliza Gkritsi

Feb 8, 2023 at 11:58 a.m. UTC

Feb 8, 2023

sustainabilityNew YorkPower PlantsAcquisitions