At the Bitcoin Senate Hearing on virtual currencies many thought Bitcoin was in for a beating, strangely enough the sentiment has turned quite positive and it seems that there is now a genuine respect for the much publicised internet currency.

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Senator Tom Carper of the State of Delaware who chaired the Senate Hearing, whether he realised or not, heavily impacted on the price of Bitcoin, as his positive sentiments towards Bitcoin showed a willingness from the US government to engage responsibly with the innovation that is Bitcoin. Well done Senator Carper!

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Most noticeable was the newly appointed Director of FinCEN, Jennifer Shasky Calvery, having been in the role for just over a  year displaying a very mature approach towards crypto currency. She came across very competent, whilst acknowledging the fact that their biggest hurdle in the department is keeping up with technology whilst themselves adhering to the law.