no... BFL is not located in NY - NY the state has jurisdiction within its borders.
noone on this forum seems to understand jurisdiction. it's like AsicMiner getting a subpeona from him. does it make sense?
i mean they can ask nicely after all- subpeona is not asking nicely
The DFS has very broad powers to investigate and regulate. Since every major bank on the planet has large sums of money flowing through New York, most financial institutions are subject to the reach of the DFS (Standard Chartered found this out and capitulated). If they find a company committing a fraud using Bitcoin, the DFS can go after them through their bank and refer the case to the Department of Justice for criminal prosecution.
Texas is the largest economy in the US, 3rd largest economy in the world (or something like that).
Second largest, California is almost half again as big. Texas would be the 15th largest in the world.
http://en.wikipedia.org/wiki/List_of_U.S._states_by_GDPhttp://en.wikipedia.org/wiki/Economy_of_Texashttp://en.wikipedia.org/wiki/Comparison_between_U.S._states_and_countries_by_GDP_(nominal)