When you listen to Andreas Antonopolis in front of the Canadian committee and how this senators react to his answers, you pretty much see that the game has already changed in favor to Bitcoin, at least in Canada.
So, New York or even USA regulate how much you ever want. You will be left behind anyways, when you do so.
I've been amazed at Canada's response, unusually rational, but then again their Canadian Royal Mint produces Gold/Silver bars and as far as I know they actually have a reasonably well run economy. Considering New York has the stock exchange and is supposed to be a financial capital they're going to look like morons with these new laws.
That said, New York has been known to introduce some ridiculous laws, Mayor Bloomberg did something with fucking limits on how big of a coke cup you could buy awhile back and then said it was okay to carry around a certain amount of marijuana lol.