A place to talk about New York on Farcaster

Yet another cool product we can't use because of the NY BitLicense. https://x.com/coinbase/status/1879902780564951530

Serious question:

How do we go about getting the BitLicense repealed?

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Thanks for the tag @j4ck.eth 

*None of this is legal advice, and I am not acting as counsel for anyone in this regard.*

No easy, straightforward path. One avenue is legislative, but it would require the will of NYS lawmakers to pass a new statute overruling or substantially amending the BitLicense framework. And it would need significant support from elected officials. Not sure the political will is there. 

Other path is regulatory and DFS would need to revise key provisions or adopt a less burdensome approach. Perhaps industry advocacy could make some inroads to persuade them. But an outright appeal is highly unlikely.