It says in a press release by the Federal Reserve that the proposal entails broadening the definition of money to cover every form of money including cryptocurrency. What a ridiculous idea. Suppose you received over $250 worth of HIVE as a reward for winning some contest or something. Whose duty would it be to report this transmission to the appropriate authorities whoever they may be in the US? Yours as the recipient? The sender's who'd be non-US resident? Note that the regulators do not properly grasp that Hive is not an entity. It's a protocol as is every blockchain. Should every Hive witness fill in some stupid US form every time someone sends at least $250 worth of tokens to an American account owner or receives them? Sounds like trying to hammer a square peg into a round hole. None of this makes any sense.