Donald Trump to ban bitcoin? Not yet.

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Malaki Braydon
Malaki Braydon
Braydon has been into the crypto and blockchain space from the past 7 years. Based in New York City, Braydon has completed his masters from Kingsborough Community College.

Washington recently banned the sale of flavored e-cigarettes as there were cases of ‘mysterious” lung disease was found on the rise in the state. Manufacturers such as Juul have been targeting young teens to sell them nicotine-based products.

Any sale of flavored e-cigarettes will be considered illegal, and the government has given the companies 30 days to withdraw the stock available in the market. The FDA is researching on these further, and they are planning to eradicate e-cigarettes, or at least temporarily.

On this, Fundstrat Global Advisors co-founder Tom Lee expressed his concerns about the power lawmakers have that they can wipe out an entire market in one night. President Donald Trump has always been against the use of Bitcoin, and the white house can issue any banning order anytime.

He further added in his tweets that he is not expecting a ban on Bitcoin, but with the power that White House has right now, nothing is out of bounds for them. He continues the debate by mentioning how Trump hated when Bitcoin reached the $10,500 level, if it reached $100,000, Trump administration would forbid the US residents to use it.

The topic of states banning cryptocurrencies always makes the supporters angry, with our current focus on India, where usage of crypto can lead to being treated like a criminal and can face charges.

The billionaire investor and supporter of Bitcoin Tezos, Tim Draper, called the government of India corrupt and how this ban will send back India by 40 years.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

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5 reasons why Bitcoin Price might crash hard soon

Bitcoin was launched in 2009, and it caught the attention of only a few people. But with time, things...

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