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US E-Cigarette Ban Stokes Fears Trump Could Target Bitcoin

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

E-cigarettes: Washington “clears marketplace”

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

Producers could possibly carry again their merchandise someday, matter to protection checks proving they aren’t chargeable for a reported surge in lung illness which brought about 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 sweet sixteen e-cigarette use this is impacting kids, households, colleges and communities,” Well being and Human Products and services 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 government powers may just simply as simply prolong to Bitcoin. 

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

He added:

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

As Cointelegraph reported, President Donald Trump has prior to now spoken negatively about cryptocurrency, feedback which despatched shivers thru markets and therefore noticed beef up from senior executive officers. 

No coverage adjustments came about in mild of the complaint in July, however the U.S.’s patchwork regulatory strategy to the phenomenon continues to fret companies and shoppers alike. window.fbAsyncInit = serve as() FB.init( appId : ‘1922752334671725’, xfbml : true, model : ‘v2.nine’ ); FB.AppEvents.logPageView(); ; (serve as(d, s, identity)(record, ‘script’, ‘facebook-jssdk’)); !serve as(f,b,e,v,n,t,s) (window,record,’script’, ‘https://attach.fb.internet/en_US/fbevents.js’); fbq(‘init’, ‘1922752334671725’); fbq(‘monitor’, ‘PageView’);

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