Tom Lee: White House could ban bitcoin

Posted 13 September, 2019

US authorities could ban anything, including Bitcoin, said Fundstrat co-founder and analyst Tom Lee. He reacted to the news that the government was preparing to severely limit sales of electronic cigarettes and smoking mixtures due to the increase in the number of deaths. 

''This is un-related 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,”  wrote Lee. 

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

In mid-July, Donald Trump criticized cryptocurrencies. The US President said that digital money is whose value is highly volatile and "based on thin air". He also noted that the Libra project from Facebook will have little consistency and reliability, and the social network must obtain banking licenses and comply with the relevant rules.

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13 September, 2019 12:53

← CME targets expansion of bitcoin futures monthly limits

The Chicago Mercantile Exchange Group has expressed intentions to approve the opening of larger positions on its bitcoin futures market. The application was submitted to the US CFTC yesterday.

CME targets expansion of bitcoin futures monthly limits

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12 September, 2019 16:44

France promises to block Libra project in Europe →

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France promises to block Libra project in Europe
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