"This will replace the BitLicense."
It's safe to say Assemblyman Ron Kim has high hopes for his newly proposed New York law, Bill A9899. Submitted to the state legislature in February, Kim's legislation takes aim squarely at the so-called "BitLicense," the much-maligned regulatory regime now imposed on crypto startups serving the fourth most populous U.S. state.
In interview with CoinDesk, Kim went so far as to state his goal is to clear a path for startups, eliminating some of the more controversial components of the law, while preserving those he believes can help protect consumers.
https://www.coindesk.com/meet-the-new-york-lawmaker-who-wants-to-replace-the-bitlicense/
