Tagged: maria vullo

New York Department of Financial Services Approves Gemini & Paxos Stablecoins Pegged to US Dollar

The New York Department of Financial Services (DFS) says they are continuing to foster responsible growth in the Fintech sector following the authorization of stablecoins issued by both the Gemini Trust Company and Paxos Trust Company. The Gemini Dollar will be pegged to the US… Read More

New York State Financial Services Department Issues Guidance on Cryptocurrency Fraud & Manipulation

The New York State Financial Services Department has issued memo on virtual currencies and the entities in the space the Department regulates. The Guidance, signed by Superintendent of Financial Services Maria Vullo, states that in light of the development of virtual currency related markets the… Read More

Here is the Complaint Filed by the New York State Department of Financial Services Against the Office of the Comptroller of the Currency

As we reported last week, Maria T. Vullo, the Superintendent of the New York State Department of Financial Services, filed a lawsuit against the Office of the Comptroller of the Currency (OCC), and Keith Noreika, acting Comptroller. The complaint pertains to the OCC”s Fintech Charter…. Read More

New York Department of Financial Services Sues OCC Regarding National Fintech Charter

The New York Department of Financial Services has filed a lawsuit in US District Court in Manhattan against the Office of the Comptroller of the Currency (OCC). The action was taken to challenge the OCC’s initiative to issue national Fintech Charters. Reuters reported the NYDFS legal… Read More

Turf War! New York State Department of Financial Services Tells OCC to Back Off Fintech Charter

    I expect to see more of these comment letters as battle lines have clearly been drawn regarding the debate on the proposed Office of the Comptroller of the Currency (OCC) Fintech Charter. In brief, the OCC has proposed crafting a Fintech Charter for… Read More

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