Bitcoin Bill will likely land Silk Road's Founder in Jail

Ross William Ulbricht, the person who was allegedly in charge of the Silk Road website, should not be charged with money laundering, according to his attorney, Joshua Dratel, who stated that Bitcoin are property and not real currency citing the IRS’ recent ruling

 
The Silk Road “mastermind” is charged with using Bitocoins to launder money related to drug deals and criminal services such as hit man-for-hire that was allegedly made available through the site.