I would think that the proposed NY regulations for cryptocurrencies are bad news, that more than compensate for Dell "accepting bitcoins". So perhaps one should ask why isn't the price falling now.
(Well, you know my explanation for that, and I know that you don't like it...)
The regulations are bad news? I have to disgree.... sure some of it is a bit clunky, some of the regs in their current form do not seem to make sense, or be enforceable, or are clear enough, but there is nothing too serious in there that cannot be worked around, or is not already being done by major exchanges... besides we have to see what the final draft is like after the consulting period etc. Not sure there is anything in there that is 100% a bitcoin killer per se, and if anything having some certainty in place, even if there are parts of the regs that are not
100% how some people would like, it will at least bring some clarity to the situation, and clarity is the FUD killer, and gives players a framework within which to work. NY
may stifle innovation of Crypto with their rules, but then they might not... other states
may follow suit and copy and paste the NY regs, but then other states may decide to compete instead... (cali etc) all in all I think that the regs could have been a lot lot worse...and thankfully that is not the case (good news) I would not categorise the regs as 100% bad news, not even neutral.... I would lean towards good, with a previsio of seeing how the chips fall next.. If anything while Dell is huge, the NY regulations as long as they do not prove to be too prohibitive , will likely not put off any big players, they are not scared of compliance or cost... as long as they can remain competitive........ and large professional, insured, transparant ,regulated, high liqidity exchanges in NY will be significant - I do not think that these regs mean we will not see such exchanges in NY, I still believe we will see them.
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