Jocko Will Help Trump Axe BitCoin-Like Currency

President Trump is considering banning the use of cryptocurrencies like Bitcoin for purchases by US citizens.

The president expressed an aversion to digital currency and its potential to be used for nefarious purposes, including money laundering and drug trafficking. He also expressed concern that the coin could be used by terrorists to fund their activities and evade detection, according to an Axios report.

But there are still many questions about how Trump can actually implement such a ban. The Treasury Department could create new regulations that would make it illegal for US-based banks to provide services to cryptocurrency exchanges or other virtual currency-related businesses, but those limitations will likely face challenges. groups. or cryptocurrency users believe their rights are being violated.

Another option is for Trump to simply issue an executive order banning people in the United States from buying cryptocurrencies, which can be done without any support from Congress or other elected officials.