New York’s BitLicense Remains a Crypto Regulatory Benchmark

New York has affirmed its commitment to crypto regulation, with the BitLicense serving as a global benchmark for businesses in the field. Ken Coghill, Deputy Superintendent for Virtual Currencies at New York Department of Financial Services (NYDFS), emphasized this during a blockchain conference held at Cornell Tech on April 25, 2025. The event underscored New York’s continued leadership role in shaping crypto regulation, attracting businesses and fostering confidence in the digital asset ecosystem.