There may be some confusion at the NYDFS in regards to how crypto- currencies work. Crypto currencies do not cease to exist when a governing body outlaws it. On the same note, it organically grows in a way that bypasses hostile regulations and governing bodies. It will continue to grow strong roots in society regardless of the regulations some will attempt to put on it. At some point it will have such strong connections(roots) within society and bypass those regulations so completely that the governing body will no longer be relevant.
But good luck with that.
