In 2015, the top finance regulator in New York, Ben Lawsky, unilaterally created the most convoluted regulations (without any legislative authority) against crypto and blockchain startups called the BitLicense and left public service to help companies obtain the BitLicense:
Now he is profiting off the regs he created as a board member of a cryptocurrency exchange (Ripple): https://ripple.com/insights/ripple-welcomes-new-board-member-benjamin-lawsky/
I'm working to undo the BitLicense and replace the regulations with the first comprehensive sandbox program in the nation designed to foster growth while protecting consumers and investors: http://nyassembly.gov/leg/?default_fld=&leg_video=&bn=A09899&term=&Summary=Y&Memo=Y&Text=Y
Looking for feedback from the community and open to improving the bill.
Thank you,
Ron