Is the same thing happening right now? Interesting stuff...
Expected.
Only coinseeker would sell if the US says "Bitcoin is bad". Normal people will just buy all the coins they can with their fiat and transfer them to their wallets
Leaving jokes apart, all this is quite bullish for BTC. Despite of MtGox's fuck up, it's a fact that main BTC exchanges are trying to comply with regulations. And the sheriffs that busted LR say clearly that they are NOT after virtual currencies if they abid to FinCEN rules:
http://www.davidnews.com/2013/05/liberty-reserve-laundered-6-billion.html
That's the sheriffs press conference, listen carefully from minute 28:00
Quote
I want to make clear that today's actions does not mean that we are against virtual currencies
And you can see how the guy is implicitly referring to BTC, saying that it's ok if the exchanges are registered as MSB's
Thanks for the link. I like how he starts off - "This might be the biggest international money laundering case..." NO - HSBC 8 billion and Wachovia 100's of billions.
And he went on to say "To the contrary, mobile and internet based financial technologies, including virtual currencies, have great promise to empower consumers, to encourage the development of innovative financial products and expand access to financial services. In fact FinCen issued guidance in March 2013 to bring clarity and regulatory certainty to businesses and individuals...."
" Those offering virtual currencies must comply with these regulatory requirements and if they do so they have nothing to fear..."
Thanks for the transcription, I was too lazy to do it.
"Virtual currencies have great promise to empower consumers"
"They have nothing to fear"
He really wanted to make it clear.
I know you guys hate that word...that's why I use it.
All talk, no action. It's becoming clearer now. 
