In the meantime, it behooves anyone who wants to build or operate an exchange service to discuss these issues with a lawyer. I have a broad network of attorneys (from Top 100 law firms to solo-practitioners) that have experience with these issues and understand bitcoin. I'm happy to continue making connections for anyone in the community, just drop me a line: patrick (at) bitcoinfoundation.org.
The legal arguments don't matter...
And lawyers will be lining up to TAKE YOUR MONEY while they furrow their foreheads...
Every securities lawyer will tell you straight up you can't run unregulated money exchange.
This is all about "guiding" US banks to cut ties with all things BTC...
Banks will voluntarily comply... it's such small potatoes.
The big one is shutting down Gox...
I doubt it would take more than one phone call from the Fed...
Gox must be in violation of dozens of Japanese securities regulations...
The entire operation looks like a bad SNL skit...
Look at that Funny Fat Guy sitting on a ball = Samurai Exchanger.
http://www.youtube.com/watch?v=LLjlOw3TVc8Gox shuts down = BTC CRASH.
Linking BTC with Fiat has always been a Big Mistake...
BTC is a commodity... and should always have been linked to gold/silver.