Former New York regulator Benjamin Lawsky, who oversaw what many consider the most restrictive state bitcoin regulation known as BitLicense, now works as a counsel and media liaison for Axoni, a blockchain technology firm that uses blockchain in settling derivative transactions, according to Reuters.
Lawsky said he intended to start a consulting business when he announced his departure from the New York Department of Financial Services last spring, CCN reported. As a regulator, Lawsky had a reputation for consistently pushing for larger fines and stricter rules.
Lawsky’s firm, the Lawsky Group, plans to represent other blockchain clients. A member of the team is Matthew Anderson, who was a spokesman for the New York Department of Financial Services when it was developing the BitLicense.