I know a lot of people won't like it. But I live in NY and am eventually trying to launch a crypto business. I have no problem having my identity shared, and accountability for my actions. So I am in favor of the law from what I read so far. I think it will be the start of discussion on how we can bring crypto currencies to broader markets.
The proposals are summarised quite nicely in the comments, which might make you change your mind: hhttp://www.reddit.com/r/Bitcoin/comments/2aycxs/hi_this_is_ben_lawsky_at_nydfs_here_are_the/
Well, thanks for posting that. I certainly don't support this particular law now that had more time to read. I do however, support the idea, and the discussion that will follow.