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Crypto is a scam.  Tax dodge, vehicle for all sorts of crime.  If you want to gamble, buy lottery tickets or go to a casino where your odds are better.  Plus crypto is awful for the environment.

As to Gov Hokum, she spends nearly all her time raising money and doing press conferences, and clearly has sold her soul to the devil of lobbyists.  And I'd note that the article says this passed the NYS Senate, makes no mention of the Assembly.  So it sounds like someone's putting on a meaningless show.

China would have numerous reasons - including that money it doesn't see could be used against the dictatorship.  The whole point is to do things that are either criminal or anti government.  A person invests in it through an 'exchange'.  Looses everything when the exchange folds.  Or never really gets anything in the first place.  Drug dealers and arms dealers love it,.  Ransomware thieves love it, though perhaps a bit less now.  There is no need for it - there are plenty of legit ways to invest and to move money.  Oh forgot, it's great for tax evasion.  One way or another, it's all about crime.  Plus its horrible for the environment.

The main purpose of crypto has always been criminal.  Tax evasion, drug and weapons purchases, and more. It's also a great way for con artists and hackers to steal from people.  Now we can add it as a way for Russia and Putin and Russian oligarchs to move their money around outside of SWIFT and other payment networks.  Plus, of course, how horrible it is for the environment.  I'm not big on taking cues from Communist China, but they were right to ban crypto.

Crypto is heavily used for financial and other crime, and is horrible for the environment.  Why are we not making it illegal as China did?

Crypto is a con, a crime tool, a help for tax evasion.  It needs to be abolished globally!

Opening tomorrow 10AM, closing tomorrow at 1001?  All kidding aside, hopefully fully operational.

The idea that someone who used to push crypto currencies, the favorite tool of organized crime, is now in this position is quite scary.  But that's what I expect out of the current 'administration'.  Basically, put the wolves in charge of our currency.

A good reason to go with the cloud is if you have a small firm without a substantial dedicated support staff, or if a given service is one that is not central to what you do.  For instance, it might make sense to have a cloud based Market Data feed system if it can be done without adding noticable latency, and may be even more timely in algo trading.  Same with certain types of trading systems.  But while the solutions may be called 'cloud' based, they work best with direct comms to the providers without any public / external exposure.

Indeed, exposure to the Internet is a huge concern security wise, also reliability wise.  DDOS attacks, hacking in general, are all things to be avoided, especially where loss of service or hacking can put the business in danger.  Yet with good enough security, some access via the Internet might make sense.  Salesforce is one example, because you have users in the field, not just in an office.  Or Market Data management systems, but in that case you should still explore direct lines to the vendor.  

So while cloud can make sense, it also brings dangers if not handled well, especially if communications go over the Internet.  Think it through before you plunge in!

Just because someone outside the US 'can' do a job for US financial institutions, doesn't mean that US tech workers should be fired and their jobs sent overseas.  We in the US have lost a massive quantity of tech related jobs that have gone overseas or to odd locations in the US, a big part of the ongoing destruction of the US middle class.  

Disclosure - I once worked for Thomson Reuters.  It's my belief that for a vendor like Refinitiv, which uses many services from other exchanges and 3rd party vendors, to be taken over by a major exchange, will lose its ability to act as an independent vendor, and that this combination would be unhealthy for other exchanges.