Even Republicans, normally opposed to government intervention in the free market, are starting to notice that people get dumb when potential money gets big, leading to horrible decisions and even worse outcomes.
It will be interesting to see what the normally slow-moving (technologically speaking) Congress does and how well it corresponds to the constraints and attributes of cryptocurrency. I find many regulations often miss the mark because the legislators don’t have a complete grasp of the thing they are attempting to regulate.
It’s also clear from Senate hearings a couple weeks ago that smart people in government are aware of cryptocurrency’s disruptive nature and potential for innovation in a wide swath of industries, so in all, this still leaves me feeling bullish and optimistic.
Meanwhile, someone else is definitely feeling bullish…