Law Decoded: The difference between New York City and New York State, April 25-May 2
New York State moratorium on PoW mining reinvigorates the conversation around crypto industry’s sustainability. Go to Source Powered by WPeMatico
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New York Mayor urges state to abandon ‘stifling’ BitLicense scheme
“We have to continue to be competitive” the mayor said in a keynote interview at a London crypto conference where he suggested scrapping the states’ BitLicensing requirement. Go to Source Powered by WPeMatico
New York State Assembly passes ban on new BTC mines that don’t use green power
The bill will now be carried with support to the Senate for passing before a final sign-off into law by Governor Hochul. Go to Source Powered by WPeMatico
NY Sen. Thomas proposes to criminalize rug pulls and other crypto frauds
Senator Kevin Thomas seeks to provide prosecutors with a clear legal framework against crypto crimes that align with the spirit of the blockchain while combatting fraud. Go to Source Powered by WPeMatico
BitLicensed Crypto Firms Ordered to Pay Annual Assessment Fees in New York
The fees will bring virtual currency companies on par with those paid by banking and insurance institutions as a way for the state to recoup operating expense costs and “best support” the industry. Go to Source Powered by WPeMatico
NY State Supreme Court dismisses petition against crypto mining company
The judge ruled that the petition lacked merit as he didn’t find proof of the environmental harm. Go to Source Powered by WPeMatico
Is Austin the next US crypto hub? Officials approve blockchain resolutions
The City of Austin gears up to become America’s next crypto hot spot by passing two resolutions focused on cryptocurrency and blockchain innovation. Go to Source Powered by WPeMatico
Crypto lobbyists up 180% since 2018, with Andrew Yang joining the charge
A new lobbying group will seek to educate legislators and create pilot programs to convince them of the utility of Web3. Go to Source Powered by WPeMatico
Auctioneer willing to sell $70M artwork for BTC or ETH
A leading U.S. auction house, Phillips is auctioning a Baqueirat collection in May. Accepted payment options include Bitcoin and Ether. Go to Source Powered by WPeMatico
New York state ramps up blockchain monitoring to enforce sanctions
Blockchain analytics will help ensure that NY-licensed companies don’t send money to sanctioned Russians. Go to Source Powered by WPeMatico