New York Attorney General – DIGIT INFO

New York Recovers $50 Million From Gemini — Bans the Exchange From Crypto Lending in the State

DIGIT — Sat, 15 Jun 2024 16:21:14 +0000

New York Attorney General Letitia James has secured a $50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were unable to withdraw when the program collapsed. Additionally, Gemini is now banned from operating any crypto lending program in […]

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Fiat-backed stablecoins could be used to post bail in New York under proposed bill

DIGIT — Thu, 11 May 2023 06:05:00 +0000

A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment for bail.

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SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit

DIGIT — Tue, 18 Apr 2023 19:04:58 +0000

According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto assets as securities, including the case against Terraform Labs, which insists […]

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Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure

DIGIT — Wed, 12 Apr 2023 21:30:53 +0000

According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S. Commodity Futures Trading Commission (CFTC), and Tron founder Justin Sun’s being sued by the Securities and Exchange Commission (SEC) […]

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New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security

DIGIT — Thu, 09 Mar 2023 21:50:51 +0000

On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kucoin. Members of the Office of the Attorney General (OAG) were able to purchase crypto assets, despite the exchange not being registered in the […]

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Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals

DIGIT — Wed, 25 Jan 2023 22:30:32 +0000

The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financial authorities, the debt token would be called an “asset share token (AST).” Celsius Proposes ‘Asset Share Token’ as Plan to Repay […]

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NY Attorney General Urges Congress to Ban Crypto in Retirement Accounts

DIGIT — Fri, 25 Nov 2022 03:30:13 +0000

New York Attorney General Letitia James has urged Congress to pass a law prohibiting crypto investments in retirement accounts. “Hardworking Americans should not have to worry about their retirement savings being wiped out due to risky bets on unstable assets like cryptocurrencies,” she stressed. NYAG Letitia James Urges Congress to Prohibit Crypto Investments in Retirement […]

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New York Attorney General Wants to Hear From Investors Deceived by Crypto Platforms

DIGIT — Wed, 03 Aug 2022 00:00:01 +0000

New York Attorney General Letitia James has urged investors in her state who believe they have been deceived by a crypto platform to contact her office. “Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money,” she stressed. Letitia James Issues Investor Alert on Cryptocurrency New York Attorney General Letitia James issued […]

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CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million

DIGIT — Fri, 15 Oct 2021 19:30:05 +0000

On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading statements and omissions of material fact in connection with the […]

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New York AG accuses Coinseed of defrauding investors

DIGIT — Thu, 18 Feb 2021 05:43:23 +0000

The New York Attorney General has filed a lawsuit against crypto investment platform Coinseed for allegedly defrauding investors and selling a token that remains unlisted three years later.

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