MoonPay has successfully obtained a New York BitLicense, allowing it to operate legally within the state. This regulatory approval marks a significant milestone for the company, enabling it to expand its services in one of the most stringent regulatory environments in the U.S. Meanwhile, Congress is conducting hearings on the updated crypto market structure bill, which could have far-reaching implications for the industry. These developments are part of a broader trend of increasing regulatory scrutiny and adaptation in the cryptocurrency sector.