Yes, you're hearing that correctly. It's actually old news that was widely circulated within the community. It's crony capitalism at its best: Shortly before you leave office create a complex problem that you can offer to solve for high consulting fees. Lawsky did not think about innovation or whatever - all he thought about was filling his own pocket. In a country with a functioning justice system, he would serve jail time for what he did. But not in the U.S..

Going forward, Bitlicense will significantly reduce the attractiveness of NY as a world financial capital. Other countries and cities will be happy to take the lead...

ya.ya.yo!