In the early days of the Internet revolution, many people raised concerns about illicit use of Internet. I guess it's the same thing with Bitcoin... Why would

In the early days of the Internet revolution, many people raised concerns about illicit use of Internet. I guess it's the same thing with Bitcoin... Why would the US government want to ban Bitcoin anyway? Bitcoin isn't particularly useful for laundering money because converting to/from fiat in any significant quantity usually requires a Bitcoin exchange and they follow proper AML/KYC procedures (those who don't get shut down.) Bitcoin is not particularly associated to illicit activities any more so than cash: http://www.coindesk.com/bitcoin-economy-black-market-sin-report/ http://www.coindesk.com/bitcoin-economy-black-market-sin-rep... Bitcoin helps the economy: $1+ billion has been invested in Bitcoin/cryptocurrency companies, creating thousands of jobs. I would say many officials in the government understand Bitcoin is a technology with a lot of potential, and it would be stupid to outlaw it from the start. Watch the November 2013 US Senate hearing on Bitcoin if you want to get a sense of how some officials perceive it: https://www.washingtonpost.com/news/the-switch/wp/2013/11/18/this-senate-hearing-is-a-bitcoin-lovefest/ https://www.washingtonpost.com/news/the-switch/wp/2013/11/18...