“Next week, the Senate Committee on Homeland Security and Governmental Affairs is holding a hearing on the ‘potential risks, threats, and promises’ of cryptocurrency, and the Senate banking committee plans to follow suit. This is real big-boy stuff for Bitcoin, which once just looked like a nerdy novelty. Up until now, one of the main selling points of the cryptocurrency is the extent to which it existed outside of government control, but, if the Senate does decide to get more involved, that honeymoon may soon be over. Inevitably, a bunch of senators who might not even understand how cryptocurrency works might cast the deciding vote.”
http://gizmodo.com/what-will-kill-bitcoin-first-1463639878
Related posts:
Bitcoin Comes Under Full Scale Attack by Regulators
Is Bitcoin Really Going to $1 Million?
Dutch bank ABN has no gold left for its clients
Feds can file criminal charges if you clear your browser history
Texas Town Charging Reporters $79,000 for Emails About Cop Abuse
Parting Ways with the American People
Elite Body Sculpture Becomes World’s First Cosmetic Surgery Center to Accept Bitcoin
DOJ sends bundle of completely censored documents in response to ACLU lawsuit
Trump wants a total ban on German luxury car imports
Year of the yuan: China's explosive currency goes global
How the US Government Might Prioritize Bills if Debt Ceiling Isn't Raised
Officer Caught On Tape Taking $2,650 During Untaxed Cigarette Raid
Pay me in gold: Romania's new term as it gets more of Rosia Montana
Doug Casey on how to Hedge Against Political Risk in the Greater Depression
The U.S. Media Yesterday Suffered its Most Humiliating Debacle in Ages