Policy

The State of Digital Assets in New York

Hear what Paxos CEO Charles Cascarilla thinks of continued crypto and blockchain in New York. He sat down with NY1 on March 10, 2022 to cover dynamics in New York state and also highlighted the importance of the Executive Order for digital assets issued by the Biden Administration.

Becky McClain

New York state and the New York Department of Financial Services (NYDFS) has long been an international hub for financial services. It has also been a leader at the forefront of digital assets. In 2015, it established the NY Limited Purpose Trust Charter for digital assets - and Paxos was the first company to secure this regulatory designation.

Hear what Paxos CEO Charles Cascarilla thinks of continued crypto and blockchain in New York. He sat down with NY1 on March 10, 2022 to cover dynamics in New York state and also highlighted the importance of the Executive Order for digital assets issued by the Biden Administration.

Related articles

Policy

An OCC charter makes Paxos a federally supervised national trust bank. Here's what that means for stablecoin issuance, reserves and counterparty risk.

Policy

The GENIUS Act is a US federal law signed in July 2025 that establishes the first comprehensive regulatory framework for payment stablecoins in the United States.

Policy

Institutions evaluating stablecoins for treasury management, cross-border payments or settlement infrastructure face a different set of questions than retail users.