According to Superintendent Harris, NYDFS will issue additional guidance for cryptocurrency firms. Superintendent Harris via Law360: “We’ll have more to say on capitalization,….You’ll hear more from us on consumer protection, disclosures, advertising … [and] complaints, making sure these companies have an easy way for consumers to complain. . . .
Harris indicated that the forthcoming guidance would borrow from supervisory agreements that DFS already has in place with individual crypto companies, following in the footsteps of stablecoin and blockchain analytics guidance that the agency issued earlier this year.”