Trump Executive Order Banning A Cryptocurrency Could Mutate Into Far-Reaching Law | Crypto Craft

  • Trump Executive Order Banning A Cryptocurrency Could Mutate Into Far-Reaching Law

    From forbes.com

    There are at least 20 bills related to blockchain in various stages of being considered by the United States Congress, but only one is of imminent, potentially urgent concern to cryptocurrency users, according to Jason Brett, founder and CEO of the Value Technology Foundation, a newly formed research firm in Washington, D.C., dedicated to blockchain law. Senate bill 1025, which could be approved as soon as Monday, will essentially make law an executive order signed by U.S. president Donald Trump last year that banned U.S. citizens, permanent residents and organizations from buying, holding, trading or spending petro, ... (full story)

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auricforecas
Sep 15, 2019 11:28am
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Well, the title seemed somewhat of doomsday for crypto... But it is about Petro, for now...
The bigger question is, what will be the next one? And will they really press the trigger...
And at times when RU is considering offering "legal"/official crypto?

BTW not that impact since the whole market capitalisation of Petro is barely 1.3mio..
https://coinmarketcap.com/currencies/petrodollar/

Compared to let's say BTC (185B!) and the rest...
https://coinmarketcap.com/
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RedWarII
Sep 15, 2019 2:59pm
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IF this bill passes... the future of crypto is in jeopardy. They will find any reason to destroy the anonymity of crypto. Libra is a poison pill, since all it does is provide a means to do this and so the government will support Libra. Luckily, Europe is actually of the cut that they would prefer to keep anonymity, believe it or not....hence the reason to go after Petro.
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Not-KPMG
Sep 15, 2019 5:42am
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Petro???

Ohhhh the liar invented fake stuff.

Like Libra

Noone smart i know bought Petro. Stupid.... don't know

Read the article, nothing of interest....
Maybe this....risk outweigh that.....

All good bitcoin friends
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