5 US States Poised to Promote Bitcoin-Friendly Regulation

Given the recent critiques of New York and its proposed framework for bitcoin businesses, many of the law’s opponents are no doubt hoping the state and its regulators will alter the bill during its now extended comment period.
After all, New York’s BitLicense proposal, once approved, could prove influential at shaping wider US bitcoin regulation, a fact recently underscored by New York Department of Financial Services (NYDFS) superintendent Ben Lawsky in an interview with CoinDesk.
Of course, while vocal opponents of the bill and its controversial provisions await more guidance, there remains the possibility that another US state will introduce a framework that proves more enticing to the bitcoin industry and its interests.
The ability for states to regulate and pass laws is what makes America unique in many ways. So it should not come as a surprise that some US states could see the backlash against New York’s proposal as an opportunity to position their jurisdictions as more accepting of digital currencies and the jobs and investment the industry can attract.

This post was published at Coin Desk on August 31, 2014.