http://www.coindesk.com/steve-stockman-new-york-bitcoin-regulation-could-crush-the-industry/For Steve Stockman, US Representative for the 36th Congressional District of Texas, bitcoin presents an opportunity to provide much-needed fuel to a struggling US economy while creating a new class of jobs that redefines the Internet.
But, if regulations like those proposed by the New York Department of Financial Services (NYDFS) proliferate, Stockman fears the bitcoin business space – and its community – will face pressures that may ultimately prove insurmountable.