I don't think this is going to make Bitcoin go in a good direction in the US, the domino effect that will result from this incident is the strict rules on the use of Bitcoin as an asset.  That mayor is not prohibited from investing in Bitcoin but using public funds to invest in Bitcoin is an unethical action because there are only two possibilities that are loss or profit.  Public funds should be used for the welfare of other people who are in trouble (homeless, beggars, widows, parents, education, health, and infrastructure improvements).  hope he doesn't end up in jail..