NYC Starting Up

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• Common Threads Present in the BlockFi, PoolTogether and LendUp Fintech Cases Provide Guidance for Companies and Regulators

  By J.D. Kim, Esq. on March 15, 2022 • ( 0 )

  On February 14, the SEC announced a settlement with BlockFi Lending LLC (BlockFi), a crypto service provider, further showing the increased legal scrutiny in this area in terms of regulatory action, joining the Consumer Financial Protection Bureau (CFPB)’s settlement with… Read More ›

• New York Bight Offshore Wind Development Procedures: BOEM Final Sale Notice v. Save Long Beach Island Matter

  By J.D. Kim, Esq. on February 10, 2022 • ( 0 )

  As it prepares for the New York Bight area offshore wind auction to be held on February 23, the Department of Interior’s Bureau of Ocean Energy Management (BOEM) issued a Final Sale Notice that outlines the procedures involved. The auction… Read More ›

• Federal Cryptocurrency Case Challenges PoolTogether Inc.’s “No-Loss Lottery”

  By J.D. Kim, Esq. on January 29, 2022 • ( 0 )

  A case filed on November 30, 2021 in Federal Court in the Eastern District of New York, is making the assertion that the cryptocurrency based “no-loss lottery” of Pool Together, Inc. (PoolTogether) is unlawful. The case is one of the… Read More ›

• New York Bight Case Brings Attention to Federal Offshore Wind Energy Development Procedures

  By J.D. Kim, Esq. on January 21, 2022 • ( 0 )

  As the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) moves forward with its offshore wind energy development efforts in the New York Bight, a federal case filed on January 10, calls attention to federal procedures used… Read More ›

• New York State’s 2022 Offshore Wind Plans

  By J.D. Kim, Esq. on January 13, 2022 • ( 0 )

  On January 5, as part of her State of the State address, Governor Kathy Hochul announced the following additions to New York’s offshore wind efforts: A $500 million investment The 2022 launch of the New York State Energy Research and… Read More ›

• NYS Announces Climate Goals to Reach 1 Million Electrified Homes and 1 Million Electrification-Ready Homes by 2030

  By J.D. Kim, Esq. on January 10, 2022 • ( 0 )

  On January 5, Governor Kathy Hochul announced the following climate-related goals as part of her State of the State address: Reaching 1 million electrified homes by 2030 Reaching 1 million electrification-ready homes by 2030 Requiring all new building construction to… Read More ›

• A Complete Timeline of the Internet Master Plan under Mayor Bill de Blasio

  By J.D. Kim, Esq. on January 7, 2022 • ( 0 )

• Concluded Legal Action against LendUp Loans, LLC, Provides Guidance for Other Lending Startups

  By J.D. Kim, Esq. on January 3, 2022 • ( 0 )

  Relevant to NYC’s lending startups, on December 21, the Consumer Financial Protection Bureau (CFPB) announced an agreement with LendUp Loans, LLC (LendUp) under which the company would cease making any new loans and collecting on certain outstanding loans among other… Read More ›

• NYC Legislation Mandates Climate Adaptation Planning by September 30, 2022

  By J.D. Kim, Esq. on December 28, 2021 • ( 0 )

  On October 7, 2021, the New York City Council passed legislation sponsored by Justin Brannan and forty other council members requiring the development of a citywide climate adaptation plan by September 30, 2022, and its renewal every ten years. While… Read More ›

• NYC Takes Another Step Towards the Creation of a Climate Solutions Center

  By J.D. Kim, Esq. on December 27, 2021 • ( 0 )

  NYC Issues Request for Expressions of Interest to Create Climate Solutions Center On June 28, 2021, NYC announced the first step in an effort to create a Climate Solutions Center on Governors Island that would serve as a research and… Read More ›

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