Last Monday, the New York Daily News reported that Superintendent Benjamin Lawsky of the New York Department of Financial Services will be leaving for the private sector in early 2015. The article cites anonymous sources. Superintendent Lawsky is best known in the Bitcoin community as the architect of the upcoming Bitlicense regulations.



In related news, on Thursday, the Global Policy Counsel for the Bitcoin Foundation, Jim Harper, released an updated response to the Bitlicense process. Awaiting the Next “BitLicense” Draft, We Still Need the Research, and You



The public comment period for the NYDFS Bitlicense Guidelines ended four weeks ago. You can read all public responses at our



According to Superintendent Lawsky, the next steps are as follows:

1) NYDFS will read and make public all comments.

2) NYDFS will release redrafted guidelines.

3) NYDFS will open up another public commentary period. You can read all public responses at our Bitlicense Hub 1) NYDFS will read and make public all comments.2) NYDFS will release redrafted guidelines.3) NYDFS will open up another public commentary period.

4) NYDFS will release final regulations with 45-60 days for companies to comply.