BitLicense regime, Wall Street adoption, custody, and institutional infrastructure.
Crypto exchange CoinEx would refund over $1 milion in cryptocurrencies to New York investors over the next 90 days.
Oluwapelumi Adejumo 2 min read 
Investors will collectively receive $508,000 after being charged thousands in fees.
If the bill is passed, fiat-backed stablecoins like Tether's USDT could be used within the state to make bill bonds payment.
The new rule will apply to New York firms holding the state's BitLicense.
Superintendent Adrienne A. Harris says the bank was closed due to a bank run.
The New York State Department of Financial Services said that its closure of Signature Bank was unrelated to the bank's crypto ties.
Binance-backed BUSD has seen its supply shrink by around $5 billion as regulators ramp up their scrutiny of the stablecoin.
CZ doubled down on his belief that BUSD should not be subject to US securities law and that that the exchange will continue to support BUSD.
The SEC has issued a Wells notice to Paxos regarding Binance USD, although it is uncertain whether the notice relates to issuance or listing.
