I think your interpretation of the law has led you to a false conclusion. Bitcoins themselves cannot be regulated under current law. Bitcoins are not created by the federal government but through data processing within a network of computers. Thus, bitcoins are very much like a foreign currency and remain outside of U.S. jurisdiction as far as valuation or creation.

When you say that the "reset" is right around the corner, could you please define a more specific time frame?