So, here's their benevolent intent:
Due to the influence of New York as being the financial center of the world, they want to make sure they create solid and consistent regulations without stifling innovation. When asked by the interviewer if the NYDFS is afraid of getting this wrong, he responded that they have given a lot of thought into this and adamantly discards the possibility of a failure.
And a bullish comment was thrown in for good measure:
In a very likely scenario of widespread adoption, New York would like to serve as an example, he adds.
