- To limit the information gathering to whatever is already required on a federal level. Why would New York State need more than what is already required of the companies on a federal level?
- To remove all the duplicate Federal and State regulations that will only double the burden and cost on the companies.
- A Sandbox of innovation in the financial markets should be created. A place to test out products on a smaller group of people who understand the risks in order to work out the kinks before they hit the mass market and need to burden of regulation.
Resource: http://bitforum.info/t/adam-draper-listed-three-revisions-for-bitlicense/829