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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInTop crypto state regulator to step down, headed to private sector | Fox Business
One of crypto’s top state regulators is leaving his post by the end of the month, FOX Business has learned. Peter Marton, deputy superintendent of virtual currency at the New York State Department of Financial Services, will step down from his job effective Sept. 29, according to an internal memo seen by FOX Business. The memo and Marton’s departure haven’t been publicly reported. In it, the department’s […]
New York cybersecurity official joins Mayer Brown law firm | Reuters
Mayer Brown on Wednesday said it has added a cybersecurity leader from New York’s state government as a litigation partner. Justin Herring, who was executive deputy superintendent of the New York State Department of Financial Services’ (NYDFS) cybersecurity division until last week, has joined Mayer Brown’s New York office, the firm said. Source: New York […]
NYDFS Chief Dismisses ‘Choke Point 2.0’ Theory of Signature’s Closure as ‘Ludicrous’
Speaking to the audience at blockchain analytics firm Chainalysis’ Links conference in New York on Wednesday, Harris said the decision by her office to step in and shut down Signature was totally unrelated to crypto. “The idea that taking possession of Signature was about crypto, or that this is Choke Point 2.0 is really ludicrous,” […]
Coinbase Reaches $100 Million Settlement With New York Regulators – The New York Times
Coinbase, a publicly traded cryptocurrency trading exchange based in the United States, agreed to pay a $50 million fine after financial regulators found that it let customers open accounts without conducting sufficient background checks, in violation of anti-money-laundering laws. The settlement with the New York State Department of Financial Services, announced Wednesday, will also require […]
New York Financial Regulator Wants to Lead on Crypto, Climate Change – WSJ
The head of New York’s financial regulator is looking to use the state’s role as a financial-services leader to help set the regulatory agenda nationwide, with a particular focus on bringing order to the cryptocurrency industry. Adrienne Harris, who was confirmed in January as superintendent of the New York State Department of Financial Services, said […]