00:00 Speaker A <\/p>\n
And speaking of the anti-crypto army, we have certified general in the anti-crypto crypto army, Attorney General Letitia James sues Coinbase and Gemini for running illegal gambling platforms in New York. <\/p>\n
00:15 Speaker A <\/p>\n
Coinbase and Gemini’s prediction markets are unlicensed gambling operations that put New Yorkers at risk. So, <\/p>\n
00:20 Speaker A <\/p>\n
in a minute we’ll get to how prediction markets should be handled, whether they are actually gambling or not. But what’s curious here <\/p>\n
00:27 Speaker A <\/p>\n
is that New York has a contentious relationship with the crypto industry. They have something that they call the Bit license, it’s almost impossible to get your hands on to be able to offer your products in New York. <\/p>\n
00:36 Speaker A <\/p>\n
Now, I remember when New York was a fun place. I used to live there. <\/p>\n
00:40 Speaker A <\/p>\n
You could literally go into Times Square with no pants on with a spray paint bottle and spray paint a passerby’s back with your name and they would laugh and you’d go have a drink. <\/p>\n
00:50 Speaker A <\/p>\n
Well, now New York literally hates fun. Right? They want to tax everybody for everything. They want to make it exceptionally difficult for people to gamble or spend their money or participate in crypto or participate in prediction markets, any of those things. <\/p>\n
01:03 Speaker A <\/p>\n
But once again, this is only Coinbase and Gemini. Gemini, Calshi and others are still operating in New York. So, clearly, <\/p>\n
01:11 Speaker A <\/p>\n
they chose the best targets for press and the easiest targets to go after, which is always the crypto industry here. <\/p>\n","protected":false},"excerpt":{"rendered":"00:00 Speaker A And speaking of the anti-crypto army, we have certified general in the anti-crypto crypto army,…\n","protected":false},"author":2,"featured_media":206486,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[63702,398,9,11,10,81872],"class_list":{"0":"post-206485","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-coinbase","9":"tag-letitia-james","10":"tag-new-york","11":"tag-new-york-headlines","12":"tag-new-york-news","13":"tag-scott-melker"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/206485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=206485"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/206485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/206486"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=206485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=206485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=206485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}