NYDFS proposes stablecoin rules to align New York oversight with the GENIUS Act
The New York State Department of Financial Services has proposed new rules for payment stablecoin issuers, aiming to align the state’s long-running stablecoin framework with federal standards under the GENIUS Act. The June 9 proposal is designed to preserve New York’s supervisory role over state-regulated issuers if the framework is certified under the federal regime.
Galaxy Secures New York BitLicense and Money Transmitter Approval
Galaxy Digital received a BitLicense and Money Transmission License from the New York State Department of Financial Services, authorizing GalaxyOne Prime NY to offer regulated digital-asset services to institutions across New York. The approval gives registered investment advisers, hedge funds, family offices and other institutional clients direct access to Galaxy’s trading and custody platform in […]
Court Delays Aave’s Bid to Unfreeze $71M in Ethereum
A federal judge in New York has delayed a decision on Aave’s emergency motion to unfreeze 30,766 ETH, worth roughly $71 million, setting a June 5, 2026 hearing and ordering supplemental briefs by May 22. The delay keeps one of DeFi’s most consequential asset-recovery disputes in legal limbo while the court weighs ownership, creditor priority […]
U.S. Judge Dismisses Bancor Patent Suit Against Uniswap, Court Finds AMM Claims Abstract
A New York federal judge has thrown out a patent-infringement case brought by Bancor-affiliated entities against Uniswap, ruling on February 10, 2026 that the asserted patents are not eligible for patent protection because they describe abstract ideas. In practical terms, the decision removes an immediate legal overhang for Uniswap’s protocol codebase and lowers near-term litigation-driven […]