American financier and CEO of hedge fund Pershing Square Capital Management Bill Ekman has asked the New York authorities to remove barriers to the development of cryptocurrencies in the state.
New York is considered one of the most stringent jurisdictions in comparison with other US states. Many cryptocurrency platforms and firms refrain from operating in the state, as this requires a BitLicense from the New York State Department of Financial Services (NYDFS). This regulator has a strict policy on firms dealing with digital assets.
One of the users of the social network Twitter complained that, while managing a cryptocurrency venture fund, he cannot open an account on many American platforms for trading cryptoassets just because he lives in this state. He called the BitLicense “an absolute abomination and disgrace to the great state of New York.”
American businessman Bill Ackman supported the user, and in the comments to his tweet addressed to New York City Mayor Eric Adams and Governor Kathleen Hochul to rectify the situation. Ekman believes that if New York aspires to become a center for the development of cryptocurrency innovation, it is necessary to remove any obstacles that may prevent the city from realizing this goal. Otherwise, New Yorkers will be forced to move to other jurisdictions, and this should not be allowed.
New York City Mayor Eric Adams has demonstrated loyalty to crypto assets more than once. Last year, he proposed introducing blockchain and cryptocurrencies classes in local schools, and in January he announced that he would receive his first three salaries in his post in BTC and ETH.
Source: Bits
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