If Michael Fowlkes thinks this is an issue then is his problem, I didn't even found out Bitcoin was being regulated until now.
From his words:
Currently the main use for Bitcoins is to transfer money between users, and this is where the money laundering concerns come from. There have also been reports of websites selling illegal items such as drugs or guns that accept Bitcoins, making it virtually impossible for law enforcement to track these sales.
How would you regulate something that you can't track?
I like to think at it like regulating the spin of an electron while not knowing it's place precisely, only approximate the area where it may be found.
