Ms. Verdejo:

May xNY.io - Bank.org kindly request an update on your FOIL request the concerning Coinbase $100M Settlement?

Today's memo is an administrative appeal for records access associated to FOIL-2023-093329-019299. 

Sening you the very best. 

Thank you,

Gunnar 

Gunnar Larson 

xNY.io - Bank.org 

917-580-8053 

On Mon, Apr 17, 2023, 7:50 AM Gunnar Larson <g@xny.io> wrote:

Ms. Verdejo:

Would it be possible to receive an updated on the Coinbase records?

Gunnar Larson 

On Fri, Mar 24, 2023, 11:52 AM <Joanne.Verdejo@dfs.ny.gov> wrote:

Good morning,

Attached please find correspondence from the NYS Department of Financial Services, pertaining to your FOIL request.

 

Thank you.

Tracking Number:FOIL-2023-093329-019299

G@xny.io

March 24, 2023

Gunnar Larson

xNY.io - Bank.org

406 West 25th Street

New York, NY 10001

Re: FOIL Tracking No. 2023-093329

Dear Gunnar Larson:

I write with respect to your above-referenced FOIL request. The New York State Department of 

Financial Services (DFS) requires additional time to respond to your request, assigned the 

tracking number 2023-093329, because the Department requires additional time to complete its

response. 

DFS anticipates completing your request on or about April 28, 2023. We appreciate your 

continued patience.

Thank you.

---------- Forwarded message ---------

From: <Joanne.Verdejo@dfs.ny.gov>

Date: Fri, Mar 24, 2023, 11:52 AM

Subject: Your Freedom of Information Law (FOIL) Request FOIL-2023-093329-019299

To: <G@xny.io>

Good morning,

Attached please find correspondence from the NYS Department of Financial Services, pertaining to your FOIL request.

 

Thank you.

Tracking Number:FOIL-2023-093329-019299

Thank you for submitting your FOIL request through Open FOIL NY. 

Here is your Open FOIL NY confirmation information for future reference:   

LARSON_DFS_20230114152649702

LARSON_DOB_20230114152649702

LARSON_DTF_20230114152649702

INFORMATION SUBMITTED:

Records Requested From

Department of Financial Services

Division of the Budget

Department of Taxation and Finance

Short Title

Coinbase $100M Settlement Investigation Records

Description

Dear Madam or Sir: xNY.io - Bank.org kindly seeks access to any and all records concerning New York State's investigation of Coinbase, comprising the $100M settlement mentioned here: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202301041. We are requesting all public records from 2018 to 2022 concerning New York's aforementioned Coinbase investigation. Moreover, xNY.io - Bank.org seeks access to any and all records concerning New York's regulatory scrutiny (and/or approval) of Goldman Sachs' partnership with Coinbase, issuing the bank's first Bitcoin loan mentioned here: https://www.nasdaq.com/articles/goldman-sachs-partners-with-coinbase-for-banks-first-bitcoin-backed-loan. In addition, xNY.io - Bank.org seeks any and all records concerning New York's approach to Coinbase and Goldman Sachs compliance programs mandated by the United States Department of Justice, Criminal Division, Fraud Section and Money Laundering and Asset Recovery Section mentioned here: https://drive.google.com/file/d/1Yx88RMoeLyyfbNK0RtPl4r-m8N21_1Sp/view?usp=drivesdk. Finally, xNY.io - Bank.org seeks records concerning New York's regulatory approval of Coinbase engaging a fine of $50M to implement heightened controls and additional procedures and policies relating to electronic surveillance and investigation, due diligence on transactions or clients and the use of third-party intermediaries across business units; and enhancing anti-corruption training for all management and relevant employees. Warm regards, Gunnar Larson Gunnar Larson xNY.io - Bank.org 646-454-9107

Uploaded Files

FOIL Response Format

Email

If fees apply, please contact me if costs will be greater than

$10000

Your FOIL request has been forwarded to the organization(s) you selected, and the respective Records Access Officer will contact you directly for further processing of your request. Please allow up to five business days for such communication(s). For your convenience, here is additional contact information:

Department of Financial Services

One State Street

20th Floor

New York, NY 10004