[2016-06-13]The White House Shows Interest in Bitcoin and Fintech Sector

[BTCBinary]

The White House Shows Interest in Bitcoin and Fintech Sector

The use of Bitcoin and Blockchain technology is now being discussed at the highest levels of governance structures currently in place. The White House, the seat of US Government has found the emergence of digital currencies and their underlying technology hard to ignore. The emergence of a new blog post written by none other than the Special Assistant to the President of United States for Economic Policy – Adrienne Harris stands proof of it...

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[Mark1003]

I think this is the first step. In no time, bitcoin will be accepted as a form of money in all goods that we buy Good news sir

[TraderTimm]

A few years ago people would've been excited at the recognition from such a high level of government.

Now, with the practical trainwreck of the "Bit License" behind us - even though there are some companies willing to suck up to the regulators, we can see that the only "help" the government will provide is how to get people to give them a cut of the Bitcoin action.

That is all this is, recognizing a new income stream for the parasitic political players to latch their hooks into. The thing is, Bitcoin has done well enough on its own that we don't NEED a government to give us breaks. The only thing they can be interested in is how to extract revenue from a new asset class.

Mark my words, its the beginning of setting their hooks into local legacy banking systems when dealing with Bitcoin.

[Karartma1]

A few years ago people would've been excited at the recognition from such a high level of government.

Now, with the practical trainwreck of the "Bit License" behind us - even though there are some companies willing to suck up to the regulators, we can see that the only "help" the government will provide is how to get people to give them a cut of the Bitcoin action.

That is all this is, recognizing a new income stream for the parasitic political players to latch their hooks into. The thing is, Bitcoin has done well enough on its own that we don't NEED a government to give us breaks. The only thing they can be interested in is how to extract revenue from a new asset class.

Mark my words, its the beginning of setting their hooks into local legacy banking systems when dealing with Bitcoin.

Very clever point and I do agree with you. Some years ago that would have been exciting news while today it looks like a "marketing" choice. Even though there's still a strong link between BTC and criminality and maybe this could help to reduce a bit that link.
But I would not be so sure.

[snipie]

Simply they are trying to catch the train before it is too late imo and as it was said above it would be an excellent news if it happened before few years..