I wonder what "legal money" status means exactly? It kind of seems like the Federal Government presides over money and I can't imagine them granting anything the legally equivalent status of the USD. But I guess they are acknowledging the reality that this is one alternative currency that they can't shut down. At least, not without shutting down the internet.
Won't it mean it will be treated like money like gold and silver in some US states and won't incur capital gains tax?
US is confused as hell as to what bitcoin actually is. FINCEN deems it as money, while the IRS taxes it as property. Both are branches of the US goverment.
