NYDFS sets fresh advertising standards for crypto firms
NYDFS issued guidance outlining expectations for crypto firms to establish policies and procedures governing advertising and marketing.
This story was originally published by The Block.
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Regulation
NYDFS makes licensed crypto firms answer for their promoters and impostors
New York’s Department of Financial Services (NYDFS) has issued new rules that make licensed crypto firms responsible for the influencers they hire for ads and for their impostors too. Crypto firms…
Regulation
Missouri and Kansas Brothers Convicted in Texas of $240,000,000 Cattle Fraud Scheme
Federal prosecutors have secured convictions against two brothers for running a $240 million cattle investment scam that defrauded thousands of investors across the country. Joshua Robert Link of…
Regulation
Illinois Crypto Tax Draws Unlikely Alliance of DOJ, Banks and DeFi
The DOJ, the U.S. Chamber of Commerce, SIFMA and a crypto coalition led by a16z, Paradigm and Uniswap filed briefs backing a lawsuit to strike down the state’s 0.2% levy on digital asset transactions.
Regulation
Illinois crypto tax is impossible to enforce as written, crypto industry tells court
The legal battle to head off the crypto transaction tax in Illinois has drawn up a hefty roster of industry opposition, and they're saying the tax won't work.
Regulation
Tron, Tether and Chainalysis Form a New Crypto-Crime Task Force—Replacing One That Just Collapsed
The Digital Crime Task Force aims to proactively trace illicit USDT on Tron and freeze funds before they move—just weeks after the trio’s near-identical T3 unit, built with rival firm TRM Labs…
Regulation
Why a Younger Congress Could Be Good News for Crypto
A Democratic takeover of Congress may look like bad news for the industry, but Bitwise Chief Investment Officer Matt Hougan believes the bigger picture tells a different story. While the election…