---------- Forwarded message --------- From: Gunnar Larson Date: Tue, Oct 12, 2021 at 3:03 PM Subject: Re: Invitation to the NYDFS Virtual Currency Diversity Panel - October 19, 2021 To: Weintraub, Cathy (DFS) Cc: Alexi Anania , Goberdhan, Harry (DFS) < Harry.Goberdhan@dfs.ny.gov>, Choy, Man-Ying (DFS) Ms. Weintraub: Bloomberg today sent us an article that discusses PayPal's legacy leadership focus https://www.bloomberg.com/news/features/2021-09-15/peter-thiel-gamed-silicon... *against* diversity and inclusion. *Furthermore, we should be mindful of the the points below: * - October 21, 2020: NY-DFS Announcement https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202010211 of PayPal's Conditional BitLicense - October 21, 2020: Eastern District of New York " Deferred Prosecution Agreement https://www.justice.gov/criminal-fraud/file/1329926/download" reached with The Goldman Sachs Group, Inc. - October 12, 2021: PayPal and Goldman Sachs have mutual stock interests with each other over 1B. Attachment C (Corporate Compliance Program) of the Deferred Prosecution Agreement highlights several concerns of potential issues related to potential violations concerning diversity and inclusion. We know of a few as an international MBA candidate.

From our perspective, we again submit a further prompt to your office of earning a conditional "pass through letter" as described below. Might we be able to discuss this more over the phone?

Sending you the very best regards. Thank you, Gunnar -- *Gunnar Larson - xNY.io http://www.xny.io/ | Bank.org http://bank.org/* MSc https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain%20unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB - Digital Currency MBA https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovati... - Entrepreneurship and Innovation (ip) G@xNY.io +1-646-454-9107 New York, New York 10001 On Wed, Oct 6, 2021 at 5:03 PM Gunnar Larson wrote:

Ms. Weintraub:

Hope you are doing well.

- The NY-DFS "*Diversity in Action: A Discussion with Virtual Currency Leaders*" invitation was nice to receive (below). Indeed, xNY.io - Bank.org is very excited to be at Ms. Harris' will as Superintendent. - Ms. Weintraub, we operate under the obvious working assumption that Bank Applications holds a significant senior level role to the future of New York financial innovation. - Wells Fargo - PayPal - Kiva.org are literally the world's worst examples specific ro diversity, equity and inclusion practices and initiatives in the virtual currency industry.

Here in New York, NASDAQ references Wells Fargo https://www.nasdaq.com/articles/wells-fargo-now-offers-bitcoin-crypto-exposu... offering virtual currency to wealthy clients. PayPal and Wells Fargo are "more or less" the same company doing bad things sacrificing diversity. Case in point, both Wells Fargo and PayPal power Kiva.org as literally the world's top microcredit lending fraud.

Ms. Weintraub, all of these details have been part of the Bank.org | NY-DFS Shelf Charter Strategic Outline https://docs.google.com/document/d/1fwSKlEm07eY90Wh_SIujF-8C_Ixmxiuo0wkN7-LH... materials shared for your esteemed review. This July we contacted the SEC for guidance on this matter and it would appear that both the SEC and FDIC are aware of the rational:

- Following SEC Guidelines we have organized a "Manual of Highlights" https://thecapital.io/article/crypto-computer-crimes-manual-w183-highlights-... of working references on disclosure controls and procedures, as well as strategic initiatives including mergers and acquisitions, joint ventures, and management restructurings (including public/private board of directors) - Full, fair, and accurate disclosures from all parties in a battle for corporate influence or control are critically important to investors, particularly when they are called upon to make decisions about their investments. - "Over-Over Disclosing" as per best regulator relationship practices is to illustrate various potential scenarios when market conditions are met and a board of directors potentially exploits blockchain technological software innovation with forecastable reckless consequences.

NY-DFS may appreciate xNY.io working to disclose and secure Bank.org Shelf Charter Phase 1 - Step 11: https://www.dfs.ny.gov/apps_and_licensing/banks_and_trusts/shelf_charter

11. Amount of Capital Contribution: Although it is impossible to establish the exact required capital levels until target institution is identified, the applicant will furnish a range of capital it can provide within a short period of time. Applicant will deposit earnest funds* in an escrow account* in an amount to be determined. ... Applicant shall supply evidence that funds are readily available and that applicant has the wherewithal to support commitments. *A discussion of sources of funds shall be included ... *

We would like to be granted approval to initiate portions of the xNY.io | CryptoBank Summary https://docs.google.com/document/d/10htpAEAcydm9NTgUQZVU4aEfJq999UwRlGvOJZsX.... Specifically, xNY.io seeks to earn a NY-DFS virtual currency conditional "pass through letter" permitting specific trading activities. We feel the appropriate working notes are ready for NY-DFS conditional approval (for instance) when market conditions are met and a Board of Directors potentially exploits blockchain technological software innovation with a forecastable market event.

I will call your office on Thursday afternoon to seek guidance on "pass through" consideration(s).

Sending you the very best regards.

Thank you,

Gunnar -- *Gunnar Larson - xNY.io http://www.xny.io/ | Bank.org http://bank.org/* MSc https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain%20unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB - Digital Currency MBA https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovati... - Entrepreneurship and Innovation (ip)

G@xNY.io +1-646-454-9107 New York, New York 10001

---------- Forwarded message --------- From: dfs.sm.BankingDEI Date: Tue, Oct 5, 2021, 1:27 PM Subject: Invitation to the NYDFS Virtual Currency Diversity Panel - October 19, 2021 To: dfs.sm.BankingDEI

[image: Text Description automatically generated]

OCTOBER

19

11:30 AM – 1:00 PM EST

[image: A group of people sitting in chairs with balloons in the background Description automatically generated with low confidence] DIVERSITY, EQUITY & INCLUSION WEBINAR

Diversity in Action: A Discussion with Virtual Currency Leaders

Please join us for a conversation with leaders in the virtual currency industry as they discuss actions that crypto companies can take to increase the diversity of their leadership and broader workforce. The webinar will include two panel discussions. The first panel will provide perspectives from leading industry executives and the second panel will focus on specific diversity, equity and inclusion practices and initiatives in the crypto industry. For more information on what DFS is doing to support our regulated entities’ diversity, equity, inclusion and corporate governance efforts, see the Industry Letter https://www.dfs.ny.gov/industry_guidance/industry_letters/il20210729_diversi... we published on July 29, 2021.

* MEET THE SPEAKERS*

[image: A picture containing person, wall, indoor, posing Description automatically generated]

*Adrienne Harris (Opening Remarks)*

Acting Superintendent of Financial Services

New York State Department of Financial Services

[image: A person wearing glasses Description automatically generated with medium confidence]

*Matthew Siegel (Moderator)*

Acting Executive Deputy Superintendent, Research and Innovation Division, New York State Department of Financial Services

* PANEL ONE: PERSPECTIVES FROM LEADING THINKERS IN CRYPTO*

[image: A person with blonde hair Description automatically generated with medium confidence]

*Michelle Bond*

CEO, Association for Digital Asset Markets

(ADAM)

[image: A person wearing glasses Description automatically generated with low confidence]

*Jose Fernandez da Ponte *

SVP, GM Blockchain, Crypto & Digital Currencies

PayPal

[image: A person in a white suit Description automatically generated with low confidence]

*Sheila Warren *

Deputy Head of the Centre for the Fourth Industrial Revolution, Head of Data, Blockchain, and Digital Assets. Member of the Executive Committee at the World Economic Forum.

* PANEL TWO: DEI PRACTICES AND INITIATIVES IN THE VIRTUAL CURRENCY INDUSTRY*

[image: A person with long hair Description automatically generated with low confidence]

*Dominique Baillet*

Global Head of Employee Experience, Diversity & Inclusion

Coinbase

[image: A person in a suit and tie Description automatically generated with medium confidence]

*Larry Wade*

Sr. Director, Blockchain/Digital Currencies Risk & Compliance

PayPal

[image: A picture containing person, indoor, sweater Description automatically generated]

*Genesis Whitlock*

Principal in Diversity, Equity and Inclusion

Gemini

More information, including speakers’ bios, can be found on the DEI Event https://www.dfs.ny.gov/event/dfs-diversity-equity-and-inclusion-webinar page.

*Register with Password VrCurr101921* https://meetny.webex.com/meetny/onstage/g.php?MTID=e3339addcb0cbdeb112f0665b...

Please register by* Tuesday, October 12, 2021*

Questions? BankingDEI@dfs.ny.gov

*www.DFS.ny.gov* http://www.DFS.ny.gov* | @NYDFS *

-- *Gunnar Larson - xNY.io http://www.xNY.io | Bank.org http://Bank.org* MSc https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain%20unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB - Digital Currency MBA https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovati... - Entrepreneurship and Innovation (ip) G@xNY.io +1-646-454-9107 New York, New York 10001