Senators Chucky Schumer and Joe Manchin are calling for a Bitcoin ban!

[MikeWB]

http://www.forbes.com/sites/andygreenberg/2014/02/26/senator-calls-for-bitcoin-ban-in-letter-to-financial-regulators/

Since Senator Charles Schumer first called on law enforcement nearly three years ago to shut down the Silk Road and cited the black market's use of Bitcoin for anonymous transactions, the cryptocurrency community has been waiting for the other shoe to drop. It just did: Another lawmaker has demanded an outright ban on Bitcoin.

In a letter to Treasury Secretary Jack Lew, Fed Chairwoman Janet Yellen and other financial regulators, West Virginia Senator Joe Manchin demanded that they "take appropriate action to limit the abilities of this highly unstable currency."

"This virtual currency is currently unregulated and has allowed users to participate in illicit activity, while also being highly unstable and disruptive to our economy," Manchin wrote. He went on to cite Bitcoin's use by the Silk Road and other black markets for anonymous transactions, as well as its volalitility as a currency. "The clear ends of Bitcoin for either transacting in illegal goods and services or speculative gambling make me weary of its use."