Anyone who thinks this is a good thing for bitcoin is in for a rude awakening.
I had my fingers crossed that bitcoin would get much further along before this happened.
+1
We are still too small to take on uncle sam just yet. Too much btc trade is concentrated in the US. Though as someone pointed out, this isn't a new law but rather FinCen clarifying what they think current regulations mean, we really need to get more decentralized such that uncle sam doesn't have us by the cojones.
Long Live BITCOIN!