The New York State Department of Financial Services (NYDFS) is looking to hire a new deputy superintendent who has a special focus on blockchain and cryptocurrencies. According to the job posting by the financial regulator for the state, this Superintendent will fill a new position in the recently created Research and Innovation Division. This division oversees the licensing of cryptocurrency firms. According to the job posting, the new deputy superintendent would be responsible to maintain \u201ca special focus on virtual currencies, digital currencies, blockchain, distributed ledger technology, and other related innovative and derivative products and technologies.\u201d As part of the applicant\u2019s responsibilities, it is expected that this person would be able to provide both leadership and expertise that would \u201csupport policy decisions and the regulation of emerging and innovative markets, including virtual currencies and virtual currency markets and businesses\u2026(and will be expected to) engage with industry.\u201d While not a requirement, the NYDFS is looking for someone who has qualifications in \u201cCompliance, legal, or other relevant experience on matters related to virtual currencies, digital currencies, blockchain, distributed ledger technology.\u201d In the statement, new NYDFS superintendent Linda Lacewell explained, \u201cThe financial services regulatory landscape needs to evolve and adapt as innovation in banking, insurance, and regulatory technology continues to grow\u2026This new division and these appointments position DFS as the regulator of the future, allowing the Department to better protect consumers, develop best practices, and analyze market data to strengthen New York\u2019s standing as the center of financial innovation.\u201d This new department has already hired several new members. This includes Executive Deputy Superintendent Matthew Homer, Andrew Lucas as counsel, and Deputy Superintendents Matthew Siegel and Olivia Bumgardner. All applications must be received by the division by October 31 to be considered. This new hire continues what is viewed as a change of heart by the NYDFS. In July 2018, the agency had strongly opposed the creation of \u201csandboxes\u201d for these financial technology companies. A statement by the regulatory agency strongly-worded their opposition, explaining that \u201cToddlers play in sandboxes. Adults play by the rules.\u201d However, not only are they embracing this technology now but are also looking to continue to fail several positions that will help to oversee these companies.