The Foundation has proved its worth with its response to the California DFI alone. It was brilliantly crafted and obviously showed weeks of intense research by some of the best financial services lawyers in the country. Very few BTC companies in existence could have afforded to put a response like that together and everybody in the industry should be overjoyed that the Foundation -- which is most definitely NOT a money transmitter -- is the entity taking the heat from the most-feared state financial regulator in the country.

Yes, the Foundation advocates regulation of BTC. However, regulation is coming whether you want it or not. Sticking your heads in the ground while shouting how BTC should be the fountainhead for a worldwide libertarian tech-utopia will not keep the regulators away.