Bitcoin is now considered “money” under D.C. law; What this means for BTC

https://www.google.com/amp/s/cryptoslate.com/bitcoin-is-now-considered-money-under-d-c-law-what-this-means-for-btc/amp/

News broke earlier today that a federal court ruled that Bitcoin is defined as “money” under the law in Washington D.C. The ruling came about as a result of a court declining to dismiss criminal charges against a man who operated an underground Bitcoin trading platform accused of laundering money. Naturally, this led to a slew of bullish narratives from traders and investors regarding what impact it may have on Bitcoin. Still, a dive into the ruling suggests that its implications are rather limited, and not overtly positive for BTC.