One of the most repeated comments around this news in social media is that it sets a bad precedent for the future of the industry development. Privacy is a concern, but the meaning of a money transmitter entity is also at stake, and how this case plays out could affect other wallet operators in the future. And Shapiro agreed. "I don't think that's good for the future of privacy, whether or not it's an intentional attack on privacy. Hard to say. But you know, intentionally or unintentionally, I think it was very bad for Americans' privacy in general," he said.