News list for "New York"
New York's Department of Financial Services has issued a consumer alert warning against "sentiment-based virtual currencies," known as meme coins, highlighting their extreme volatility, lack of regulation and high risk of fraud, including "chive-cutting" schemes that suddenly drive up shipments. The department warned that these tokens are often...
US President Donald Trump has appointed Danielle Sassoon as interim head of the US Attorney's Office for the Southern District of New York, with responsibility for Manhattan and surrounding areas. Sassoon led the prosecution of FTX founder Sam Bankman-Fried, which ended in a 25-year prison sentence for Bankman-Fried. In addition, she was involved in the Department of Justice case against Terra founder Do Kwon. Sassoon is a graduate of Harvard and Yale Law School and served as the clerk to the la...
On January 16th, according to the New York Post, Trump is "open" to the idea of establishing a strategic reserve containing U.S.-created digital currencies. The article reads: "While many in the cryptocurrency community are cheering Trump's upcoming executive order supporting cryptocurrencies, one of the proposals has caused more controversy: the establishment of an" America First "strategic reserve that would prioritize U.S.-created digital currencies such as Sol...
On January 16, according to the New York Times, two people familiar with the matter said Wednesday that TikTok CEO Shou Zi Chew plans to attend the inauguration of US President-elect Trump and is invited to sit on the honorary position of the podium, which is traditionally seated by former presidents, family members and other important guests. Mr. Vance's inaugural committee extended an invitation to Mr. Chew, who will attend the event alongside the CEOs of tech giants such as Mr. Zuckerberg and...
The Federal District Court for the Southern District of New York issued a consent order against Gemini Trust Company LLC for providing false or misleading information in violation of the Commodity Exchange Act (CEA). Gemini was ordered to pay a $5 million civil penalty and is subject to a permanent injunction. The case involves that between July and December 2017, Gemini submitted false or undisclosed key information to the CFTC to support the self-certification of bitcoin futures contracts, inc...
The FOMC's permanent voting committee and New York Federal Reserve President Williams will make an opening statement at an event in ten minutes.
According to Cointelegraph, Adrienne Harris, director of the New York Department of Financial Services (NYDFS), has unveiled the "Transatlantic Regulated Exchange (TRE) " exchange program to help regulators learn more about how foreign institutions deal with emerging payments and digital asset issues. The program will begin with the exchange of senior staff with experience in digital assets between the NYDFS and the Bank of England, Harris said in a Jan. 13 notice, "essential for regulatory coor...
US consumers' expectations about the path of inflation were mixed in December, while concerns about household solvency intensified markedly, according to a survey released on Monday by the New York Fed.
The New York Fed's one-year inflation forecast in December was 3%, compared with 2.97% previously. The expected three-year inflation rate in the United States was 3% in December, compared with 2.6% previously. The expected five-year inflation rate in the United States was 2.7% in December, compared with 2.9% previously.
Greg Cipolaro, global head of research at New York Digital Investment Group (NYDIG), said in a Jan. 10 research note that even if Trump takes office on Jan. 20, "it is prudent to expect an immediate change in crypto policy." He said the inauguration had given new hope to the new government to deliver on many of its campaign promises, adding that "many promises can be fulfilled quickly, but some may take some time."
On January 10 local time, the New York State Supreme Court judge ruled on the case of President-elect Trump's "hush money", ruling that Trump was guilty of 34 counts in the case, but in view of the important stage of the presidential power transition process, he was released unconditionally without any punishment. (CCTV News)
Copper and silver futures in New York surged above international benchmarks as traders ramped up bets that Mr. Trump would impose steep import tariffs on the two metals. New York Mercantile Exchange (COMEX) front-month silver futures traded at a premium of more than $0.80 an ounce to spot silver prices in London on Thursday, near their December peak. COMEX front-month copper also traded at...
On January 7 local time, the US Court of Appeals in New York, Judge Alan Germer, rejected President-elect Trump's latest request to delay the sentencing process of his "hush money" case. Trump's lawyer said that as president-elect, Trump enjoys the same immunity from criminal prosecution as the president, but this view was rejected by the court. Less than two weeks before Trump's inauguration as president, if the sentencing is not completed before the start of his second term on January 20, pres...
On January 6 local time, New York State Supreme Court Justice Juan Mercan rejected President-elect Trump's request to delay the sentencing process of his "hush money" criminal case. It is understood that Trump's lawyers may continue to appeal to the New York Court of Appeals. Earlier on the 6th, Trump's lawyers appealed the verdict in his "hush money" criminal case, asking the judge to delay the sentencing process scheduled for this week. A 12-member jury on May 30, 2024...
Judge Juan Mercan of New York ruled on January 3 local time to uphold Trump's conviction in the "hush money" case, reject Trump's request to overturn the jury's verdict, and set the sentencing date for January 10. Judge Juan Mercan said that Trump can choose to appear in person or attend the sentencing hearing virtually.
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