"But Mr. Lawsky said such companies would still need to show they are following anti-money-laundering rules, because, "if there's a choice between preventing money laundering and innovation, we're always going to choose squelching money-laundering first."

That must be the most disingenuous BS statement I've read in a long time. It would be nice to see one of the presenters throw in a mention of HSBC and JPMorgan et al and ask the regulators to explain why they allow the too big to bail criminals openly get away with money laundering and in particular drug cartel money laundering.