Coinbase increases offerings in New York as anti-crypto policy softens in the US
The post Coinbase increases offerings in New York as anti-crypto policy softens in the US appeared on BitcoinEthereumNews.com.
Coinbase (NASDAQ: COIN), the leading United States crypto exchange, increased its assets offerings in New York, making more cryptocurrencies available. The change comes as the Southern District of New York promises to soften its anti-crypto approach in the region post-FTX. The world’s financial center and US city is known for having a singular regulation regarding cryptocurrencies, requiring services to adapt. However, it might be ending following a Manhattan US Attorney decision, Gary Gensler’s hint to resign, and Coinbase’s new offerings. In particular, Coinbase Assets announced six new cryptocurrencies are now available to New York residents this Wednesday, November 13. They are Arbitrum (ARB), Sei Network (SEI), Aioz Network (AIOZ), MultiversX (EGLD), Helium Mobile (MOBILE), and Stader (SD). Arbitrum (ARB), Sei (SEI), Aioz Network (AIOZ), MultiversX (EGLD), Helium Mobile (MOBILE), and Stader (SD) are now available to New York residents on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps. — Coinbase Assets 🛡️ (@CoinbaseAssets) November 13, 2024 New York anti-crypto policy softening In Manhattan, Scott Hartman, co-chief of the securities and commodities task force at the Southern District of New York (SDNY), gave the announcement that could explain Coinbase’s expansion in the region. As reported by Reuters this Friday, Manhattan’s U.S. Attorney’s Office promised to scale back its negative approach toward cryptocurrencies. During a conference, Hartman explained the department’s plans of dedicating fewer resources to the crypto industry, following the FTX case. “You won’t see as much crypto stuff coming out of at least the SDNY in the future,” Scott Hartman said. “We brought a lot of big cases in the wake of the crypto winter – there were a lot of important fraud cases to bring there – but we know our regulatory partners are very active in this space.” With this last sentence, the co-chief hinted at one…
Filed under: News - @ November 15, 2024 6:26 pm