I've said it before and I'll say it again: concerns about money laundering - and not securities law - are what's going to end up biting the cryptocurrency industry the hardest. Unless the industry can come up with better arguments than "it's just code, man," or whataboutism in re to traditional money laundering operations, things are going to get much worse for them across the board.

Today's example - a letter from "Campaign for Accountability" to U.S. Senators...