US Senate Virtual Currency Hearing Summary

[dan@geer.org (dan@geer.org)]

 > Add/Correct/Discuss.

The Senate is nearly irrelevant.  It is the regulatory bodies
that matter.  While Congressional members cannot be bothered
even to read the 1,000 page bills they pass, in the meantime
the regulations to implement them are beyond reading -- like
the Obamacare regs that are 30x as long as law itself.

As a cogent, current, and contemptible example directly relevant
to the practice of planning for unexpected events and all that
that entails, see how the Commodity Futures Trading Commission
is destroying prediction markets including non-U.S. ones.

--dan

Neca eos omnes.  Deus suos agnoscet.