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<p>[QUOTE="HawkeEye, post: 3055707, member: 86305"]This might be on the road to acceptance, but it could also be an Achilles' heel. They control such a large portion of the retail market that it might be the trigger event for government intervention. I think it is unlikely that Congress will understand it individually or collectively. But you only need one or two Treasury or DOJ officials to understand it and the regulation may come quickly.</p><p><br /></p><p>We could very easily wind up with another Sarbanes-Oxley Act, a Dodd-Frank Act, or a Glass-Steagall Act. Any of these type moves by Congress would rein in activity until the crypto currency world moves closer to the fiat world.[/QUOTE]</p><p><br /></p>
[QUOTE="HawkeEye, post: 3055707, member: 86305"]This might be on the road to acceptance, but it could also be an Achilles' heel. They control such a large portion of the retail market that it might be the trigger event for government intervention. I think it is unlikely that Congress will understand it individually or collectively. But you only need one or two Treasury or DOJ officials to understand it and the regulation may come quickly. We could very easily wind up with another Sarbanes-Oxley Act, a Dodd-Frank Act, or a Glass-Steagall Act. Any of these type moves by Congress would rein in activity until the crypto currency world moves closer to the fiat world.[/QUOTE]
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