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Hey what's up everyone AJ writes crypto Here I am filling in for Ben as he is Currently on an airplane to Estonia Let's hope he gets there safe and thank You to steak for sponsoring this video Let's Get It [Music] Thank you So I woke up this morning and it was Just complete red day in the markets I Wasn't that surprised to see that you Know Bitcoin is kind of at a weird Little double top there on the charts uh It can't get over 30 000. I hope it can Turn around to retest that level again But even if Bitcoin Falls because of the Channel it's in that started the Beginning of the year even if it falls To say 24 000 bitcoin's technically Still in an uptrend so keep a close eye On bitcoin keep a close eye on bitcoin Dominance moving forward trading Um you know this weekend also there's Always a lot of momentum volatility in One way or the other uh Sunday night Monday morning so if you're a Trader out There be sure to have your eyes peeled Sunday night Monday morning so what We're what I'm really getting into Tonight is a little piece of crypto Legislation uh proposed by New York's Attorney General on Friday Leticia James And it's really it's not that bad it's Not that bad I mean it the thing is is
That I hope too many states don't follow Their lead I mean New York is always Kind of the guinea pig for state to State regulation but basically my gut Instinct here is saying that they are Doing this this bill is to protect Wall Street and that's what New York has Always done protect they protect Wall Street they are protecting the status Quo that is lining their pockets and This entire year this entire year all The fud the fear of Regulation operation Choke hold 2.0 it's to protect the Status quo to protect the Legacy system That is lining their pockets that's what It is that simple it is that simple cut And dry so basically let's kind of dive Into the bill I had a chance to read it Really fast we will put it in the Description if you want to read it Yourself but basically it's some common Sense stuff here's some comments and Stuff like basically if uh you know Crypto exchange they they shouldn't be Mismanaging money they shouldn't be Trading with your money uh you know if They if you got frauded in crypto They're going to require them to pay Your money back like at a real Bank uh And and that that makes sense but crypto Is not a real bank but they're treating It like one and they're over regulating It like one and that's it makes complete Sense listen New York trading crypto in
New York is already next to Impossible It's it's impossible I shared an office Uh at the hit network with Frankie Candles for quite some time and he told Me all his qualms all his difficulties By trying to trade crypto with his New York driver's license shout out to Frankie candles love that guy but yeah It was impossible for him to trade Crypto with the New York driver's License and now it's going to be even Harder especially for the exchanges like They're already requiring a bit license They already banned Bitcoin mining I Know that New York hates kucoin New York Hates kucoin so basically what I'm Saying here is that if you live in New York I'm sorry but basically and also It's a surprise to me that the uh the New York Department of Financial Services is giving the Attorney General's office this much power why is The New York attorney general's office Making rule about crypto that other States are probably going to follow I Know that's the part of this whole thing That is really just kind of like hurting My brain but basically we're going to Post the the 30 page legislation that Was proposed Friday in um in the Description uh I want to hear what you Think about it I want to know if you Like it or if you hate it or what your Thoughts are so we can start a
Conversation that's what this is all About that will be in the description of This video but basically I'm having a Great weekend the Supercross race is About to start pretty soon uh Jada and I We went to a farmer's market and we got This carigature done And she even got my bit get hat If you like this let me know in the Comments my name is AJ writes crypto I Will be at Bitcoin Miami two weeks from Now so if you're there come say hello Would love to meet you Um that's all I got be blessed AJ out [Music] Foreign [Music]