There is no senate hearing on January 28!
There is a public discussion in New York to be hosted by the New York State Department of Financial Services...
The senate discusses federal matters that can have a broad impact...
This meeting has no impact outside of New York State.
The outcome of this meeting be it positive of negative will have little effect on Bitcoin. Calling this event a "senate hearing" hurts Bitcoin more than the worst possible outcome this meeting could produce.
There is a public discussion in New York to be hosted by the New York State Department of Financial Services...
The senate discusses federal matters that can have a broad impact...
This meeting has no impact outside of New York State.
The outcome of this meeting be it positive of negative will have little effect on Bitcoin. Calling this event a "senate hearing" hurts Bitcoin more than the worst possible outcome this meeting could produce.
Is this really necessary? You seem to assume that everyone thinks there is a senate hearing in New York. I haven't seen anyone say this.
But thanks for pointing out the meeting though, because New York is an extremely important global financial hub and decisions made about Bitcoin in New York will certainly have far-reaching effects.
It seems like everywhere I turn somebody is talking about the upcoming "senate hearing." It seemed like a correction was in order.
Obviously New York is important. However I wouldn't say it's nearly as major as a senate hearing. When people hear about an upcoming senate hearing they get scared...
Wall Street has more influence than DC.
Not in this case... Wall Street has influence for sure, that's undeniable; but Wall Street still operates under US law as handed down by the Executive branch of government... The senate can force a hand but Wall Street will just follow the money.
Don't get me wrong; the senate can't kill Bitcoin... It can only push it underground.
Whatever the New York Department of Financial Services decides to do with Bitcoin; a negative reception would pale in comparison to the effect of negative legislation by the federal government.
