Politicians here in the US have a long history of tinkering with things they know nothing about. I worry about their plans for HBD even if it doesn’t involve HIVE itself because it would scare off exchanges.
For instance. When I first made the move to get into crypto by purchasing from an exchange my choices were limited. Due to the regulatory environment here in New York State, only Coinbase was available to me because no others wanted to pursue the licensing requirements at that time. I just fear it may make it harder for me to transact HIVE or HBD either way. Right now I use my bank to buy LTC or ETH through Coinbase to convert HIVE through Blocktrades. If an exchange must follow new rules they might get nervous about dealing with our coins.
What we need is a decentralized system to facilitate moving HIVE to US Dollars or vice versa. Unfortunately, due to the regulations over the banks, this is nearly impossible at this point.
I do believe the government’s move is solely based on their fear that crypto is something hard for them to control. Maybe they should just default to a laissez-faire/caveat emptor frame of mind.