2019-12-20 05:00 |
Digital asset security firm Fireblocks has successfully completed a major examination carried out by Big Four auditing firm Ernst & Young
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New York Sen. Joseph Addabbo says prediction markets are “on the radar of everyone” as he advances a bill to regulate the industry alongside lawsuits and broader state enforcement efforts. The post Addabbo Advances New York Prediction Market Bill: ‘The Harder Thing to Do Is Regulate’ appeared first on DeFi Rate.
Four federal circuit appeals courts have already weighed in, albeit in limited fashion, on the dispute over the classification of prediction markets and state sovereignty. Thanks to a new lawsuit from the United States Commodity Futures Trading Commission (CFTC), there is a clear path for a fifth circuit court to get involved.
New York Attorney General Letitia James has filed civil enforcement actions against Coinbase Financial Markets and Gemini Titan, accusing both companies of operating unlicensed gambling platforms through their prediction market offerings.
The Trump administration announced Thursday that New York will lose $73.5 million in federal highway funding after the Federal Motor Carrier Safety Administration found the state has refused to revoke nearly 33,000 commercial driver’s licenses issued to immigrants whose legal…
A new crypto law introduced by Manhattan District Attorney Alvin Bragg and New York State Senator Zellnor Myrie would convert unlicensed virtual currency operations from a civil regulatory issue into a criminal offense, carrying up to 15 years in prison…
Hacker Nicholas Truglia’s 18-month prison sentence has been upgraded to 12 years after he failed to pay $20 million in restitution for the victim of a SIM-swap he conducted back in 2018. According to a report by the Inner City…
Over $440,000 in stolen crypto funds has been secured by New York officials in an ongoing fraud investigation that targeted locals. Authorities from the Brooklyn District Attorney’s Office, the New York State Attorney General’s Office, and the New York State…