New York Governor Hopeful Vows to Shake Up Cryptocurrency Industry In a bid to boost the state's cryptocurrency sector, Republican candidate Bruce Blakeman has pledged to dismantle the BitLicense, a stringent regulatory policy implemented by the New York State Department of Financial Services (NYDFS) in 2015. The policy has been widely criticized by industry insiders for its onerous requirements and high costs, which have discouraged many cryptocurrency companies from operating in the state. If elected, Blakeman's promise to scrap the BitLicense could pave the way for New York to become a more cryptocurrency-friendly hub, potentially attracting new businesses and investment to the area. However, it remains to be seen how his plan will be received by state regulators and the broader cryptocurrency community.
Bruce Blakeman promises to axe New York’s strict crypto regulatory policy BitLicense if elected governor nypost.com
