The Robinhood and Coinbase consent orders issued by the New York Department of Financial Services (NYDFS) cover a range of federal and state compliance issues, including anti-money laundering (AML), Office of Foreign Assets Control (OFAC) regulations, cybersecurity, due diligence, and transaction monitoring. In addition, NYDFS has specific regulations that apply to companies operating in the cryptocurrency industry. This session will review those orders and their broader implications for covered financial institutions doing business in New York and beyond.