15 Jul Bitcoin Ban in the U.S. is Feasible, Says Analyst Following Trump’s Tweet |
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U.S. President Donald Trump could use his position to potentially ban bitcoin, believes financial analyst Alex Krüger.
“Trump could issue an executive order banning US persons from dealing in Bitcoin,” said Krüger. “He has already done so with the Petro. Trump could ban the Petro because it represented an “attempt to circumvent U.S. sanctions,” [which is] an act of foreign policy.”
The comments appeared in the wake of Trump’s tweet on Thursday, wherein he publicized his personal opinions on the world’s largest decentralized cryptocurrency.
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….
— Donald J. Trump (@realDonaldTrump) July 12, 2019
Krüger stressed that Trump would not be the first US president who signs executive orders against certain types of financial assets. In…
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