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.
Bitcoin's enemies are divided into two camps. One says it's a joke and will fail on it's own. The other says it's a dangerous threat to the status quo. We can exploit this with a divide and conquer strategy because obviously they can't both be right. Wall Street knows how to hedge, and the hedge bet is to split the difference, buy into bitcoin with some tiny fraction of the wealth they control. An outright ban will leave them next to record stores and newspapers in the dustbin of history. I think they know this, but in the long run it doesn't matter. Adapt or die. Nobody can disinvent this technology.
Extreme wealth may be insanity, but bitcoin is the most democratic money on the planet. in a free market, wealth distribution is still unequal, but less so because the marginal utility of money is like any other marginal utility. Only with the uneven playing field created by the State can wealth disparity reach the levels we see today.