Cryptocurrency Q&A Will New York's New crypto Bill weaken the Department of financial services?

Will New York's New crypto Bill weaken the Department of financial services?

SakuraTide SakuraTide Mon Nov 18 2024 | 6 answers 1396
I'm wondering if the new crypto bill in New York might have an impact on the power of the Department of Financial Services. Could it possibly weaken their influence or authority in any way? Will New York's New crypto Bill weaken the Department of financial services?

6 answers

ZenBalance ZenBalance Wed Nov 20 2024
The draft bill, initially put forward by James's office in May, has stirred up significant debate.

Was this helpful?

145
88
SoulWhisper SoulWhisper Wed Nov 20 2024
The main point of contention revolves around its potential impact on the New York Department of Financial Services.

Was this helpful?

390
59
Valeria Valeria Wed Nov 20 2024
Many are concerned that the bill may undermine the authority and role of the NYDFS.

Was this helpful?

247
52
Valentina Valentina Tue Nov 19 2024
The NYDFS has established itself as the sole regulatory body in the United States with a dedicated focus on cryptocurrencies.

Was this helpful?

306
49
KDramaLegendaryStar KDramaLegendaryStar Tue Nov 19 2024
This unique position has allowed it to shape the regulatory landscape for digital assets in the country.

Was this helpful?

100
34
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts