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Tag: Adrienne Harris

Gemini to reimburse US$1.1 bln to Earn customers after settlement

Gemini, a New York-based cryptocurrency exchange, has reached a settlement agreement to return US$1.1 billion in digital assets to users of its Earn program,...

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Congress Revives Stablecoin Bill

Proposed Legislation Calls For Monthly Attestations From Stablecoin Issuers and Temporary Ban on Some Algorithmic Stablecoins Some stablecoin issuers would have to register with U.S....

New York Adopts Regulation For Crypto Company Supervision, Enhancing Safety And Consumer Protection

In a significant move to strengthen the oversight of the burgeoning crypto industry, the New York Department of Financial Services (NYDFS) has adopted new...

Market Analysis Report (06 Apr 2023)

Adrienne Harris, the head of the New York Department of Financial Services (NYDFS), said it was “ludicrous” to think that Signature Bank’s closure last...

NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed...

The True Cost of Non-Compliance – Lessons Learned from the Fortune 50

A handful of financial institutions have made waves in international news due to lawsuits and multi-million-dollar fines. The issue is that they chose, whether...

NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency

The New York Department of Financial Services, or NYDFS, has released guidelines on how licensed crypto firms should handle customer assets should they face...

New York proposes to charge crypto companies for regulating them

The New York State Department of Financial Services (DFS) has submitted a proposed change in state laws that would allow it to charge licensed...

New York suggests charging crypto firms for regulation

Superintendent Adrienne Harris of the Department of Family and Social Services came up with the idea for the move, and she is currently soliciting...

Fintech Nexus USA 2022: Top lessons learned in role of NY DFS in fostering financial education

In this keynote address, the Superintendent of the Department of Financial Services (DFS), Adrienne Harris, spoke with Garry Reader, CEO of the American Fintech...

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