He's a f***ing mornon. Some governments say they don't even need to change current laws to allow for use of bitcoin re: taxation. The idea that bitcoin has to undergo some amazing transformation to be "legal" is entirely stupid.
And the cease and desist was not to bitcoin, it was to the Bitcoin Foundation. Bitcoin itself isn't going to die because of a cease and desist order (that well may have no grounds in law), to the Bitcoin Foundation.
And its all US, US, US. Like so many US-based "experts", he doesn't know there is a whole world out there.
This is a hugely better article:
http://www.telegraph.co.uk/finance/currency/10139651/Why-Bitcoin-is-on-the-money.htmlAnd guess what - its not published in the US.
I think the bitcoin foundation should move out of the US entirely, stupid setting up there in the first place.