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Proposed New York State Virtual Currency Regulations [pdf]

dfs.ny.gov

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Re: Proposed New York State Virtual Currency Regulations [pdf]

#2

Post by rektide »

Rrriiight. Good luck making it past the Commerce Clause, trying to thieve what is an enshrined Federal power ("To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes").

Who are these chumps that so enjoy playing with themselves in the public forum? Why do they think they're not stepping all over the constitution by imposing burdens on commercial activities that happen to intersect with NY?

Re: Proposed New York State Virtual Currency Regulations [pdf]

#3

Post by murbard2 »

rektide wrote: post #2

Rrriiight. Good luck making it past the Commerce Clause, trying to thieve what is an enshrined Federal power ("To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes"). Who are these chumps that so enjoy playing with themselves in the public forum? Why do they think they're not stepping all over the constitution by imposing burdens on commercial activities that happen to i…

They'll have no problem making it past of the commerce clause. The law doesn't matter, politics do.

The rule of law is not a self-enforcing principle, it's a political equilibrium built around a consensus. Checks and balances mean that it's somewhat detrimental to depart from this consensus, which is why it's stable.

However, it's not a very tight equilibrium. The restoring forces are weak, and they keep weakening over time.

Re: Proposed New York State Virtual Currency Regulations [pdf]

#6

Post by natrius »

rektide wrote: post #2

Rrriiight. Good luck making it past the Commerce Clause, trying to thieve what is an enshrined Federal power ("To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes"). Who are these chumps that so enjoy playing with themselves in the public forum? Why do they think they're not stepping all over the constitution by imposing burdens on commercial activities that happen to i…

"Why do they think they're not stepping all over the constitution by imposing burdens on commercial activities that happen to intersect with NY?"

Because they regulate plenty of financial activity that happens to intersect with New York already.

Re: Proposed New York State Virtual Currency Regulations [pdf]

#8

Post by wyager »

rektide wrote: post #2

Rrriiight. Good luck making it past the Commerce Clause, trying to thieve what is an enshrined Federal power ("To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes"). Who are these chumps that so enjoy playing with themselves in the public forum? Why do they think they're not stepping all over the constitution by imposing burdens on commercial activities that happen to i…

NY is not known for following the constitution.
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