min to read

2019-09-12 17:18:34




News

Tom Lee: the white house can ban anything, including bitcoin

Fundstrat agency co-founder Tom Lee said

min to read

2019-09-12 17:18:34

Fundstrat agency co-founder Tom Lee said that the Trump administration’s actions regarding electronic cigarette manufacturers prove that the president can ban anything.

Fundstrat agency co-founder Tom Lee said that the Trump administration’s actions regarding electronic cigarette manufacturers prove that the president can ban anything.

 

 

This is un-related [to bitcoin] but shows White House can issue an ‘executive order’ banning anything. And could even ban bitcoin. Not expecting it. But with current White House, there is “nothing out of bounds nor out of reach”, the analyst emphasized.

 

Donald Trump and US Food and Drug Administration intend to withdraw from smoking mixtures with menthol aromas, with the smell of fruits, chewing gums, sweets and alcohol. The cause indicates the growing frequency of juvenile deaths from lung diseases provoked by smoking of so-called vapes.

 

Lee also agreed that the likelihood of the ban would increase significantly if Bitcoin reached $ 100,000.

 

 

Let us recall that Trump first spoke about cryptocurrencies in July:

 

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”.

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