That's not good news for bitcoin holders worldwide. If it is implemented in USA, then the rest of the world will follow suit and in result we may loose a lot of bitcoin investors. Which can further bring down the bitcoin price. Government's intervention in things like bitcoin is not good. Government usually wants to control everything. They don't want to see that many people are living a decent life with out their assistance.

The moment governments step into anything like this, it will be ruined. Probably they are facing major pushes from the organized financial institutions who have funded the last election.