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Stablecoins NYDFS Financial Services Industry

Paul Hastings LLP

State Stablecoin Legislation

Paul Hastings LLP on

Stablecoins, which are digital assets pegged to fiat currency or other assets, play a crucial role in crypto markets, offering price stability and facilitating transactions. Despite their growing significance, there is no...more

Paul Hastings LLP

Seven Things to Know About California’s New Crypto Licensing Bill

Paul Hastings LLP on

As the world’s fifth-largest economy, the state of California plays a critical role in technological innovation globally, including in the areas of blockchain and financial technology. However, until now, the California...more

Latham & Watkins LLP

NYDFS Proposes Updated Guidance on Crypto Listing

Latham & Watkins LLP on

The Proposed Guidance would require enhanced criteria for coin-listing and delisting procedures for New York-licensed virtual currency entities. On September 18, 2023, the New York Department of Financial Services (DFS)...more

Orrick, Herrington & Sutcliffe LLP

House subcommittee examines framework for regulating stablecoins

The House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion recently held a hearing to examine stablecoins’ role in the payment system and to discuss proposed legislation for creating a...more

Sheppard Mullin Richter & Hampton LLP

New York Releases Stablecoin Guidance

On June 8, the New York State Department of Financial Services (DFS) released its Guidance on the Issuance of U.S. Dollar-Backed Stablecoins meant to set foundational criteria for USD-backed stablecoins issued by...more

Proskauer - Blockchain and the Law

New York Financial Regulator Publishes Stablecoin Guidance

There have been a number of developments swirling around stablecoins in the past month, including, earlier this week, the recent introduction in the U.S. Senate of a bill (the “Responsible Financial Innovation Act”) that...more

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