As hard as the State of New York seems to be working to separate itself from Bitcoin in the manner the United Kingdom has, a number of relics from the fiat world are trying to latch on to a simulacrum of Bitcoin shaped in the fiat world's image.

TeraExchange, represented at the CFTF session on digital currencies has taken former New York Stock Exchange CEO Duncan Niederauer as an advisory director.

Sheila Blair, former chair of the Federal Deposit Insurance Corporation has joined New York based itBit exchange on their board. A formal announcement on the subject is expected in the next several days.

Readers are reminded that New York and Manhattan in particular overtly present a hostile legal and regulatory environment unsuitable for actual Bitcoin businesses.