On Tuesday, former New York Department of Financial Services (NYDFS) Superintendent Benjamin Lawsky responded to criticism from the Bitcoin community that he may have drummed up consulting work for himself by issuing controversial rules for digital currency companies – known as BitLicense – before he left his post last month, reported Reuters.
Lawsky, who founded his own firm to advise businesses on regulation and other matters, made his first public appearance since his transition on Tuesday at American Banker’s Digital Currencies + The Blockchain conference.
As reported by Reuters, American Banker editor-in-chief Marc Hochstein asked Lawsky about the possible conflict of interest in his issuing the BitLicense on June 3, making New York the first U.S. state to do so.
“To clear the air,” said Hochstein, “what would you say to someone who would think that maybe you built yourself a revolving door?”
Lawsky responded that he was prohibited from