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US E-Cigarette Ban Stokes Fears Trump Could Target Bitcoin

Bitcoin (BTC) proponents are once more mulling the possibilities of america banning cryptocurrency as lawmakers transfer to outlaw flavored e-cigarettes. 

E-cigarettes: Washington “clears marketplace”

The surprising restrictions, which each the White Space and the Meals and Drug Management showed on Sept. 12, imply e-cigarettes will disappear from the U.S. marketplace inside of a month. 

Producers could possibly convey again their merchandise sooner or later, matter to protection exams proving they aren’t accountable for a reported surge in lung illness which brought on the federal government motion.

“The Trump Management is making it transparent that we intend to transparent the marketplace of flavored e-cigarettes to opposite the deeply relating to epidemic of teen e-cigarette use this is impacting kids, households, colleges and communities,” Well being and Human Services and products Secretary Alex Azar stated in a commentary. 

“Not anything out of bounds” for Trump

Whilst indirectly bearing on cryptocurrency, some within the trade nevertheless raised issues that such govt powers may just simply as simply lengthen to Bitcoin. 

“That is un-related however presentations White Space can factor an ‘govt order’ banning anything else. And may just even ban bitcoin,” Fundstrat International Advisors co-founder, Tom Lee, commented.

He added:

“No longer anticipating it. However with present White Space, there’s ‘not anything out of bounds nor out of succeed in.’”

As Cointelegraph reported, President Donald Trump has up to now spoken negatively about cryptocurrency, feedback which despatched shivers via markets and therefore noticed toughen from senior govt officers. 

No coverage adjustments came about in gentle of the complaint in July, however the U.S.’s patchwork regulatory technique to the phenomenon continues to fret companies and shoppers alike.

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