There's another one
(Initial Reaction)
Well did some looking into it not Senate but New York
The New York State Department of Financial Services (NYDFS) will hold public hearings on the regulation of digital currencies on 28th and 29th January in New York City.
http://www.coindesk.com/new-york-state-announces-bitcoin-hearings/I think the licenses will probably be approved but New York will set a precedent based on the result
Right now they are curious and willing to consider it seriously so what comes out of it will be interesting
That said they might end up stifling the innovation in the United States and Entrepreneurship unless a uniform system is applied throughout all the USA not on a state by state basis.
This will be an interesting topic.
“Our public hearing will review the interconnection between money transmission regulations and virtual currencies. Additionally, the hearing is also expected to consider the possibility and feasibility of NYDFS issuing a ‘BitLicense’ specific to virtual currency transactions and activities, which would include anti-money laundering and consumer protection requirements for licensed entities,” the November statement said.
Over-regulation, including a requirement for many digital currency businesses to register as money transmitters separately in all 50 states, is seen as a barrier to entrepreneurship in the US and many of the world’s largest bitcoin businesses are located elsewhere.
