Spreading the Bitcoin Love

Once upon a time, NY State Superintendent of Financial Services Ben Lawsky proposed banning Fractional Reserve Bitcoin Banking. This would effectively ensure that Bitcoin could never support economic expansion.

Earlier this week, two bitcoin companies, BitPay and Vaurum, hired former SEC chairman Arthur Levitt as an adviser, because they needed advice on regulation, and how to seduce regulators to change regulation to their liking.

Let me show you how it’s done, Arthur said. And the next day he had lunch with Superintendent Lawsky, after which they exchanged flirtatious tweets like prepubescent paramours.

Arthur Levitt is so very special! And Ben Lawsky is good and fair! Oh, get a room, you two. I’m counting the days til Lawsky retracts his “Bitlicense” proposal.

See Also:

Hey Ben! Remember this press release you issued?

NY DFS RELEASES PROPOSED BITLICENSE REGULATORY FRAMEWORK FOR VIRTUAL CURRENCY FIRMS –NY Dept of Financial Services

Advertisements

2 thoughts on “Spreading the Bitcoin Love

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s