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⚠️Hoshilian News Hourly Summary:
Reporting period: 05:00 - 06:00
🔥 New York Attorney General reaches $5 million settlement with Uphold, marking the first enforcement action against crypto yield product promoters
The New York Attorney General's Office has reached a $5 million settlement with the crypto trading platform Uphold, accusing it of promoting third-party crypto yield products. This is the first time New York has taken enforcement action against a platform promoting others' yield products, rather than against the product issuers.