Any Bitcoin exchange in the U.S. has been deemed by FINCEN as a "money transmitter", which invokes masses of onerous rules and regulations that they must abide

Any Bitcoin exchange in the U.S. has been deemed by FINCEN as a "money transmitter", which invokes masses of onerous rules and regulations that they must abide by (including all the IDs required). This despite the fact that FINCEN considers exchanges dealing with any other type of currency "foreign currency exchanges", which require much less regulation (such as no ID required for purchases under $1000). In short, it's hard to buy Bitcoins because government.