New York is not that important. It's one state in 50. They can regulate themselves out of the real economy and it won't bother me. I'd rather enjoy watching them hang themselves. I spend about half of my time in NYC, and I can tell you it's a fascist nightmare of a place, a vast orgy of vanity envy greed lust gluttony deceit degradation rape robbery and murder. The only thing that makes it remotely tolerable is the social/intellectual/career opportunities, and a big bubble of money to protect you from the misery all around you. Float from cloud to cloud, and it won't feel too bad, as you won't have to look at the brutality, the suffering. But of course you are just denying reality. Money is an enabler that way. It helps you live in a world of make-believe. Wealth is essentially a kind of terminal insanity, in which you become utterly detached from reality, truth, real visceral life.
no one cares that exchanges will have to comply with some new bitcoin law, everyone has been expecting this, wtv is said in that meeting, its going to mean bullishness on the market.
China is the wild card. they might go full fiat and ban all the bitcoins, which would be bearish for the market short term, but i think it would make bitcoin EXTREMELY COOL in china, and could bring up the price there.