ChainCatcher news, Ripple posted on X: "Despite some speculation, RLUSD will not launch today. We are synchronizing with the New York Department of Financial Services (NYDFS) for final approval and will share the latest updates with everyone as soon as possible. We are fully committed to operating under the supervision of the NYDFS."Previous news revealed that insiders disclosed Ripple is about to receive approval from the New York Department of Financial Services (NYDFS) to issue the stablecoin RLUSD, which is expected to officially launch on December 4, 2024.

ChainCatcher news, New York Department of Financial Services (NYDFS) Superintendent Adrienne Harris stated that she welcomes federal cryptocurrency legislation, but that states should retain regulatory responsibilities.Adrienne Harris said, "We may be more eager than anyone to work with our federal partners and see the introduction of federal legislation and regulation. I believe that the passage of legislation and the establishment of regulation are very important, but states should still retain their regulatory roles."Adrienne Harris expressed an "optimistic" attitude that the House and Senate may soon push related legislation, noting that NYDFS has engaged in dialogue with lawmakers from both chambers and both parties over the past few years.Additionally, Harris stated that NYDFS has one of the largest cryptocurrency departments in the world, with 60 full-time employees focused on the cryptocurrency industry.

ChainCatcher news, according to CoinDesk, cryptocurrency custody company Fireblocks plans to establish a limited-purpose trust company under the regulation of the New York Department of Financial Services (NYDFS). The company stated on Friday that Fireblocks Trust Company will provide cold storage custody services to U.S. clients before final regulatory approval is obtained.It is reported that the New York-based company is also creating a licensed custody institution network called the Global Custody Partner Program, which will launch this quarter, with the first companies coming from the United States, United Arab Emirates, United Kingdom, Singapore, Thailand, and Australia.

According to ChainCatcher news, Fox reporter Eleanor Terrett reported that the asset management company WisdomTree has obtained a trust company license issued by the New York State Department of Financial Services (NYDFS), allowing it to launch its cryptocurrency application WisdomTree Prime in New York.

ChainCatcher news, according to CoinDesk, New York State Department of Financial Services (NYDFS) Superintendent Adrienne A. Harris stated in a statement that the department has strengthened its guidelines for the listing or delisting of cryptocurrencies to enhance protections for crypto investors across the state.The updated guidelines will require crypto companies to submit their token listing and delisting policies for NYDFS approval. The statement noted that these companies' policies will be assessed based on stricter risk evaluation standards to ensure that delistings are conducted "in an orderly manner to protect consumers and minimize market disruption."

ChainCatcher news, according to CoinDesk, the New York Department of Financial Services (NYDFS) stated that the cryptocurrency exchange BitFlyer USA was fined $1.2 million by NYDFS for failing to meet the state's cybersecurity laws. NYDFS acknowledged BitFlyer USA's efforts to strengthen its cybersecurity. The exchange submitted a remediation plan to the regulators aimed at bringing BitFlyer USA into compliance with the state's cybersecurity laws by the end of the year. (Source link)

According to ChainCatcher, stablecoin issuer Circle filed a complaint with the New York State Department of Financial Services (NYDFS) last year, alleging that competitor Binance mismanaged the reserves of its own token, warning regulators that Binance's reserves were insufficient to support BUSD.In an email, the regulator indicated that NYDFS determined Paxos was unable to "operate BUSD in a safe and sound manner based on extensive regulatory engagement, recent examinations, and Paxos's failure to timely remediate significant issues related to BUSD issued by Paxos," and thus ordered Paxos to cease minting BUSD. (Bloomberg)

ChainCatcher news, according to Axios, the New York State Department of Financial Services (NYDFS) is investigating the cryptocurrency exchange platform Gemini. FDIC officials stated that federal law prohibits anyone from implying that uninsured products are FDIC insured, or from intentionally misrepresenting the scope and manner of deposit insurance. While the FDIC language used by Gemini is misleading, it is currently unclear whether it has actually violated the law. (Source link)