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Ben Lawsky Keynoting at Money 20/20 Conference

Avatar Jayanand Sagar 5 years ago

Benjamin Lawsky, the Superintendent of the New York Department of Financial Services (NYDFS), will be keynoting at the Money 20/10 conference slated to take place in November in Las Vegas, Nevada, as reported by CoinDesk this evening.

Interestingly enough, despite his profession and experience in working with financial companies, Lawsky will be speaking on the topic of cryptocurrencies, taking part in the (BIT)COINWORLD event at the conference.

For bitcoin/cryptocurrency enthusiasts, it’s expected to be a great program, with attendees like Chain, BitPay, Coinbase, and lots more. The conference will also feature traditional financial companies like American Express and PayPal (who had an interesting announcement of their own this week).

The conference organizers write:

[blockquote style=”2″]At Money20/20, we’re big supporters of crypto-currencies, including bitcoin. We believe the underlying distributed payment protocols hold incredible disruptive technological potential on a global basis. We also believe that based on the value and utility of crypto-currencies as well as the investment in and incredible brainpower that’s building out the infrastructure, protocols like Bitcoin are heading towards the tipping point of a network effect. Once we hit this point, there will be no turning back and these protocols will be here for the long term. Clearly, there are regulatory and other issues to work through–worldwide–but this is not unusual for most disruptive products, markets or technologies–innovation of that kind never travels an easy path.[/blockquote]

Lawsky has come under fire as the Superintendent for a recently-released proposal that outlines a BitLicense initiative, which many have suggested is not the best route for bitcoin business development in the State of New York.

Money 20/20 will be taking place at Aria between November 2nd and 5th.

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