US E-Cigarette Ban Stokes Fears Trump Could Target Bitcoin

John Parker - September 13, 2019

BTC (Bitcoin) proponents are yet again pondering the potential of the US imposing a ban on cryptocurrency as the law regulators move to ban flavoured vaping.

The White as well s FD both confirmed the sudden restrictions on 12 September, which means that flavoured e-cigarettes will soon disappear from the country’s market in the coming days.

The manufacturers might get their products back in future, after proper safety checks that prove the products aren’t responsible for the reported outbreak of a vaping-related lung disease which caused the government measure.

The administration of Trump has made it clear that the market needs to be free from flavoured vaping products in order to stop the youth from inculcating e-cigarette use which is impacting families, kids, communities and schools, said Alex Alaz, the Health and Human Services Secretary.

Though not directly relating to cryptocurrency, a few from the industry raised concerns sating that such kind of executive orders might just extend towards BTC easily.

According to Tom Lee, co-founder of Fundstrat Global Advisors, while this move is unrelated, but it still shows that the White House might issue a ban on possibly anything, including bitcoin.

As per a report by Cointelegraph, Trump earlier has commented negatively regarding cryptocurrency which worried the markets. Though no change in policy has taken place yet, but the regulatory approach of the US towards bitcoin continues to send shivers through consumers and businesses.

John Parker is a finance writer and journalist based in the Outer Banks, NC.

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