This is a sad turn of events for a lot of entrepreneurs in various US States.
Is there a list compiled of what states *are* good to operate a Bitcoin business out of?
I imagine that the rules are going to vary by state and by instrument (cash, cheques, money orders, etc).
Its not a sad turn of events in the sense that these ridiculous laws have been in place for years before Bitcoin. Erik is just trying to get one state to overturn its local version much like the gold and silver currency revolt in states like Utah
Correct - the money transmitter laws are not a new development. This type of REPEAL of these laws, in one state, IS a new development, and it's very good
As a funny anecdote, the issue of terrorist financing came up during the discussion. Fortunately, the Reps basically laughed about it, and didn't take it seriously - calling it a red herring. This was a pleasant surprise.