I'm a Washingtonian and we're used to this crap. Our state is just a microcosm of the whole US in general. Crypto is a serious threat to those in power and that power is going to try everything it can to stop any type of progress.
The great thing is that they won't be able to.
The old system is coming down and there's not going to be anything they can do about it. They don't get to control our means of storing value anymore.
If they embraced the change and technology they'd come out ahead, instead they do not understand it and are threatened by it and it's going to run them over.
That's the beauty of decentralization and blockchains. Sure regulation and crappy legislation can make it harder to play in crypto but it'll never be able to stop it all together. Especially once numerous user friendly decentralized exchanges and atomic swaps come online.
Welcome to the end of a very very long era of centralized financial control and manipulation. We're all going to have to put up with the death throws of the system and power through the crap, but in the end, we get the last laugh this time!
RE: Shapeshift Pulling out of Washington State Due to New Regulations