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

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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US Court Dismisses Former Celsius Network CEO’s Motion to Block New York Attorney General’s Lawsuit

Former Celsius Network Alex Mashinsky will now have to defend himself against a lawsuit filed by New York Attorney General Letitia James after a New York County Supreme Court Justice rejected his attempts to have the suit dismissed. The court’s decision blocks the attempt by Mashinsky to stop James from seeking to preclude him from [...]

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New York Attorney General Proposes New Crypto Regulatory Act

New York Attorney General (AG) Letitia James has proposed a new state bill to regulate the cryptocurrency industry further, as she believes the space is enduring “rampant fraud and dysfunction”. This new set of crypto regulations would impose independent public audits of crypto exchanges, ensuring that New York residents do not lose their cryptocurrency investments [...]

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