Point being that the government can't and doesn't ban everything that can be used for evil, be it from incompetence or rationality. Bitcoin will probably be heavily monitored though, as it is very suitable for that purpose.
HTTPS was crippled, since Netscape shipped only 40-bit RC4 internationally.
PGP's source code was printed so it would fall under First Amendment protections, since binaries weren't legal for export. (See also DJB's Bernstein v. United States)
OpenBSD/OpenSSH is still based in Canada to avoid being subject to the laws.
2 http://en.wikipedia.org/wiki/Pretty_Good_Privacy#Criminal_in... and http://www.pgpi.org/pgpi/project/scanning/
Isn't it conceivable that the government would implement a similarly short-sighted (and ineffectual) policy if Bitcoins were seriously used to harm the US? :-P