[2016-05-11] CNBC: Obama needs to make a move on bitcoin now

[pawel7777]

Obama needs to make a move on bitcoin now

http://www.cnbc.com/2016/05/11/obama-needs-to-make-a-move-on-bitcoin-now-bart-chilton-commentary.html

Since the digital currency bitcoin and blockchain (the underlying technology) burst onto the scene in 2009, serious skepticism and palpable passion have played equal roles. Many bitcoin devotees wanted little to do with government legislators or regulators and regulators were dubious of this new currency.

Since 2014, however, we've seen a serious and significant shift among government officials and within the bitcoin/blockchain community. The Securities and Exchange Commission and Commodity Futures Trading Commission have approved certain bitcoin/blockchain-related activities under their jurisdictions. The Internal Revenue Service has opined that digital currencies such as bitcoin are taxed as "property." The Chamber of Digital Commerce opened its doors in Washington, DC, about two years ago and has made huge strides in helping public policy makers understand the potential promise of blockchain technology. While these are all affirmative steps for the disruptive industry and for consumers/investors, more needs to be done.
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[1715609777]

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[Lethn]

Amazing how CNBC and other news outlets are being particularly arrogant lately, must be the affects of the election that they think they can just run around screaming at people they're wrong and telling them how to do everything.

[2015Bubble]

Amazing how CNBC and other news outlets are being particularly arrogant lately, must be the affects of the election that they think they can just run around screaming at people they're wrong and telling them how to do everything.

They must be long..

[a7mos]

Obama has no time to do anything. it is just few days before he finishes his presidential period. so I do not expect any roles he might do regarding bitcoin.
In general, I have not seen any government like to involve in bitcoin

[BellaBitBit]

Amazing how CNBC and other news outlets are being particularly arrogant lately, must be the affects of the election that they think they can just run around screaming at people they're wrong and telling them how to do everything.

They must be long..

haha they must. Like the poster above said, Obama has no time left.  It is going to be the next president that will have to deal with it.  I think Trump will be better for btc than Hilary.  She is against encryption...and Trump, well he loves money.