… for crypto because we saw the future, we saw the potential of the technology and we wanted that technology in New York, we wanted those companies in New York. So We put forth a full regulatory requirement and started what's become known as the BIT license in New York. The United States is still trying to work through that. But I've always believed that the technology is going to revolutionize the financial system for the better, for the better. (01:27–01:37)
CLAIM
Asserts that New York initiated the BIT license as part of its cryptocurrency regulation.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
