In what I can only describe as a classic case a classic case of psychological projection the ruling elite is trying to come down on what will inevitably be their downfall: The online untraceable peer-to-peer currency Bitcoin.
It could so they say facilitate child porn,drugs and money laundering and they demand that bitcoiners fit within the pre-existing legal frame work. The framework I might add which never stopped the three above mentioned above but could offer a serious threat to the already established enablers of said crimes.
Here is a link to listen to the hearings live. Be warned though it is on the Homeland security site and visiting will inevitably lead to a place on “the List”!