... a hearing to discuss the regulations.
Of particular concern to the Bitcoin Foundation, a nonprofit advocacy group based in Washington, is that Mr. Lawsky’s draft legislation does not address the risks unique to digital currencies.
“The Bitcoin community is not used to being a heavily regulated industry,” said Jim Harper, global policy counsel at the Bitcoin Foundation. Bitcoin supporters may feel unable to comment on the proposed regulations “because the language doesn’t tell you what the goal is,” he added.
To address the issue, the Bitcoin Foundation asked for a public document outlining Mr...