BitLicense founder Benjamin Lawsky may leverage his position as a lawmaker to help serve a $140 million Bitcoin fund. He was earlier accused of generating consulting work for himself by issuing controversial regulations for crypto firms. Benjamin Lawsky, the architect of the controversial BitLicense, appears to have leveraged his position as a lawmaker to help serve a Bitcoin fund. According to a recent SEC filing, Lawsky is now a part of a $140 million Bitcoin fund. In the filing, NYDIG ASSET ADVISORY LLC is listed as the fund’s general partner and Benjamin Lawsky is listed as an elected manager of the advisory. Mike Dudas, the founder of The Block, tweeted: This is rich. The guy who invented the BitLicense is granted a BitLicense and launches a $140 million bitcoin fund. – @mdudas Lawsky was earlier accused of generating consulting work for himself by issuing controversial regulations for crypto asset companies before leaving his post at the New York Department of Financial Services. At the time, he had said: The rules are very clear. If anyone… said ‘I want to hire you to help get a BitLicense from DFS,’ no can do. In 2015, Lawsky helped in creating the controversial BitLicense aimed to regulate New York-based crypto companies. This regulation made it very difficult for many crypto firms to operate in the state. Companies like Kraken and Bitfinex stopped providing services for New Yorkers for the same reason. Two years after creating the BitLicense, Lawsky began offering regulatory assistance through his company – The Lawsky Group. He advertised his services explicitly to crypto startups. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next NZD/USD regains 0.6100 after RBNZ’s Orr defies negative rates for now FX Street 2 years BitLicense founder Benjamin Lawsky may leverage his position as a lawmaker to help serve a $140 million Bitcoin fund. He was earlier accused of generating consulting work for himself by issuing controversial regulations for crypto firms. Benjamin Lawsky, the architect of the controversial BitLicense, appears to have leveraged his position as a lawmaker to help serve a Bitcoin fund. According to a recent SEC filing, Lawsky is now a part of a $140 million Bitcoin fund. In the filing, NYDIG ASSET ADVISORY LLC is listed as the fund’s general partner and Benjamin Lawsky is listed as an elected manager of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.