Kill the BitLicense

Kill the BitLicense
On Monday, New York’s Attorney General Letitia James announced an order that two crypto lending platforms unregistered with the state cease operations in the state. The companies – their names redacted in a letter published by the James’ office – were ordered to cease all business activities in the state within 10 days.The announcement calls attention to an austere regulatory framework that has made New York one of the most crypto-hostile states in the nation.Alex Adelman is CEO and Aubrey Strobel is director of communications of New York-based bitcoin rewards app Lolli. This op-ed is part of CoinDesk’s Policy Week,…