I see this as a positive development, as a step towards wide Bitcoin acceptance. I think what we are witnessing is that Wall Street, both Buy and Sell side, is

I see this as a positive development, as a step towards wide Bitcoin acceptance. I think what we are witnessing is that Wall Street, both Buy and Sell side, is turning towards cryptocurrencies. They are not afraid of regulation and will work within regulatory framework. It will put a dumper on some of the early ideas behind Bitcoin and the tradeoff will be a wide adoption. Will these regulation advantage large financial institutions agains startups? I think yes, it will. The cryptocurrency startups will have to learn to work in a more regulated environment. As a tradeoff, I think this market will continue to explode. Can US Gov ban cryptocurrency? Theoretically, yes, but in practice, US Government is not a monolith and it is responding to the various interest groups. With $2T worth of cryptocurrency on the market, there is a lot of vested interest to keep this going.