MoonPay CEO Ivan Soto-Wright praised the BitLicense as a critical regulatory milestone and reaffirmed the company’s commitment to expanding crypto access in the United States.

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As a U.S.-founded company with a headquarters in New York City, we’re immensely proud of this milestone and look forward to our continued work with regulators nationwide to make crypto accessible to everyone,” said MoonPay co-founder and CEO Ivan Soto-Wright in a statement.

The New York BitLicense is a critical milestone for MoonPay, enabling us to directly service New York customers,” MoonPay co-founder and CEO Ivan Soto-Wright told Decrypt.