Re: Bitcoin is in the process of being "nipped at the bud", and we're doing nothing.
Now, this decision is the first step to regulate BTC.
Regulation is great... as well as needing to spend $4 worth of effort to buy a $2 coffee.
That's on paper. In my country it's forbidden to spit on the street and the fine is very expensive. I never saw someone got caught for this infraction
Maybe the IRS is going to investigate some "big fishes" and they needed that.