Policy
NYDFS’ Harris Says Crypto Clients’ Bank Run Not What Crashed Signature
Superintendent Harris of the NYDFS recently stated that Signature’s crypto clients played only a minor role in the bank’s collapse.
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XLM$0.1907-0.36%
BTC$62,475.00+0.38%
ETH$1,663.26+0.83%
USDT$0.9987-0.02%
USDC$0.9997-0.01%
XRP$1.09-1.41%
SOL$69.08+0.63%
TRX$0.3312+0.66%
FIGR_HELOC$1.03-0.15%
HYPE$62.30+0.01%
DOGE$0.0786-0.38%
USDS$0.9995-0.02%
RAIN$0.0159+0.82%
LEO$9.52-0.54%
ZEC$412.83-1.59%
XLM$0.1907-0.36%
The proposed law would impose significant penalties of up to $10,000 and $100,000 for individuals and crypto firms, respectively.
Superintendent Harris of the NYDFS recently stated that Signature’s crypto clients played only a minor role in the bank’s collapse.
The new rules will help NYDFS collect supervisory fees from digital assets companies, and continue expanding its crypto team.