Tuesday, October 4, 2022
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California, New York Join Several States Ordering Crypto Lender Nexo to Halt Yield Product

The states – also including Washington, Maryland, Kentucky, Oklahoma, South Carolina and Vermont – filed individual actions targeting certain yield-producing accounts at Nexo. The lender advertises the accounts as "high-yield," and California noted the company offered annual interest rates as high as 36%. Original Source

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Crypto Booster Bond Loses Primary Bid for New York Congressional Seat

Though it’s her day job, crypto was never an outward focus of her campaign. Instead, Bond embraced the politics of former President Donald Trump, courting support from his son, Donald Trump Jr., as she touted the mainstays of the “Make America Great Again” movement. Her anti-abortion, tough-on-immigration, pro-police stance didn’t

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Robinhood’s Crypto Unit Fined $30 Million By New York Financial Regulator

The New York Department of Financial Services, or NYDFS, has fined Robinhood's cryptocurrency arm $30 million for suspected anti-money laundering violations, cybersecurity, and consumer protection regulations. NYDFS Superintendent Adrienne Harris announced on Tuesday that Robinhood Crypto would pay a $30 million penalty to the state "for major violations in the areas

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New York AG calls for whistleblowers ‘deceived or affected’ by the crypto market crash

New York Attorney General Letitia James has opened the doors for investors who may have witnessed misconduct at a crypto firm amid the extreme market volatility to file a complaint as a whistleblower.In a Monday notice, James called on New York-based crypto users who have been locked out of accounts

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