An executive order banning Venezuela’s petro cryptocurrency, signed by U.S. President Donald Trump, could mutate into far-reaching law by DelRayMan
Share to linkedin
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, the cryptocurrency created by the Venezuelan government and purportedly backed by the nation’s vast oil reserves.was presented by Trump as a way for users to “circumvent U.S.
“The implications for this are huge because it could be bitcoin or some other cryptocurrency inserted into this language,” says Brett, who after leaving Booz Allen joined ethereum startup ConsenSys as policy head and now runs Value Tech. “We’re talking about a road map for how to ban a particular cryptocurrency.”
Within 180 days from the time that happens, the bill requires that the U.S. secretary of state and secretary of the treasury both brief the relevant congressional committees on the best course of action.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Executive Order Banning A Cryptocurrency Could Mutate Into Far-Reaching LawAn executive order banning Venezuela’s petro cryptocurrency, signed by U.S. President Donald Trump, could be voted into law as soon as Monday, setting a potentially dangerous precedent for other cryptocurrencies.
Read more »
Trump Says He’s Banning Vaping Because Melania’s “Got a Son”Trump, who has seemingly lost interest in gun control, wants to ban flavored e-cigarettes
Read more »
The Trump Impeachment Pageant Creeps Toward Reality“I believe the fall will be a period of aggressive constitutional defense by Congress against the president,” RepRaskin said. “I believe this will be a time when we broaden our investigation outwards from the contents of the Mueller report”
Read more »
What a successful Trump strategy on Iran must include'The Trump administration has suffered from self-inflicted policy wounds and a lack of a thoughtful strategy to get Iran back to the negotiating table,' writes Samantha Vinograd for CNNOpinion
Read more »
Netanyahu’s Alliance With Trump Tests Israel’s Bond with U.S. JewsIsraeli Prime Minister Benjamin Netanyahu is looking to capitalize on his alliance with President Trump in an election on Tuesday, but the relationship has a flip side: It deepens a rift between Israeli and American Jews.
Read more »
Gun control must include background checks, Dems tell TrumpCongressional Democratic leaders warned Pres. Trump on Sunday that any proposal on gun control must include a House-passed bill to expand background checks for gun purchases — or else risk no legislation at all.
Read more »