Its not bullish for bitcoin - it is bullish for crypto adoption. Lawsky knows that the financial services industry will seek to create a replacement for the payments network , ideally (from their perspective) a quasi-walled garden which only authorised participants (banks and payments agents) can access
So the future of crypto is as an inter bank payment network only accessible by a few hundred or thousand players?
I think he'd be out of a job pretty rapidly then. Once it's ticking away nicely that's that.