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Forbes: Every Important Person In Bitcoin Just Got Subpoenaed By New York's Financial Regulator. Quote:

The department is starting out by subpoenaing 22 digital-currency companies and investors to get a lay of the Bitcoin land. They sent letters to the major Bitcoin players asking them to hand over information regarding their money laundering controls, consumer protection practices, source of funding, pitch books (for Bitcoin start-ups) and investment strategies (for Bitcoin investors). The recipients of the subpoenas are nationwide and include everyone on the “people making real money on Bitcoin” list, such as Bitcoin exchanges and processors, “ mining equipment” maker Butterfly Labs, and major investors, such as the Winklevosses, Marc Andreessen & Ben Horowitz, and Google’s venture fund.

There are many, discussions on many Reddit forums going on and some commentors seem to describe it as the end of Bitcoin. I don't understand.

What does this legal action mean for Bitcoin as a currency, in practice?

closed as primarily opinion-based by cdecker, Nick ODell, Stéphane Gimenez, dchapes, Murch Sep 11 '13 at 21:41

Many good questions generate some degree of opinion based on expert experience, but answers to this question will tend to be almost entirely based on opinions, rather than facts, references, or specific expertise. If this question can be reworded to fit the rules in the help center, please edit the question.

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    Why the downvote? – gerrit Aug 15 '13 at 10:17
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It certainly doesn't mean the end of Bitcoin it just means the the authorities are taking it seriously and making an attempt to understand how the currency works.

It might mean the end of money laundering and evasive techniques to disguise where your money is coming from as the feds will be pushing to regulate it

I dont think it's a bad thing and I also dont think it should be a surprise to anyone, if you millions of dollars of unregulated currency floating about, of cause it's going to be regulated at some point

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