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Crypto

New York, Wyoming streamline reviews of crypto firms, step up regulatory cooperation

Financial regulators in the U.S. states of New York and Wyoming have agreed to cooperate more closely in overseeing cryptocurrency companies. The New York State Department of Financial Services and the Wyoming Division of Banking signed a memorandum of understanding covering licensing, examinations and enforcement. The deal includes sharing review materials and past examination data, coordinating inspection schedules and pursuing joint examinations. Some firms may qualify for an expedited review track, with a target decision within 6 months.

Crypto

Bitcoin wallet dormant for 14 years and 9 months moves, up 2,486,052 percent

A bitcoin wallet holding 100 bitcoin that had been inactive for 14 years and 9 months has moved funds, with the holdings up about 2,486,052 percent from when first received in November 2011. Galaxy Research classified the address as “Noah Doe #3113,” a label linked to a New York lawsuit seeking ownership confirmation for more than 3.7 million bitcoin tied to 39,069 addresses. The owner’s intent behind the move remains unconfirmed.

Crypto

Hoskinson says Clarity bill stall was expected due to lack of bipartisan consensus

The U.S. Senate failed to advance debate on the Clarity bill on digital asset market structure after it fell short of the 60 votes needed in a procedural vote, with all Democrats and 4 Republicans voting against it. Cardano founder Charles Hoskinson said the outcome matched his earlier warning, citing weak bipartisan consensus, unclear regulatory definitions, questions over oversight capacity and the attempt to bundle multiple issues into one sweeping bill.