Thomas Lee, the managing partner at Fundstat Global, believes the While House could issue an executive order banning Bitcoin and other cryptocurrencies. While Lee noted that he wasn't expecting it “as of now,” the ban imposed on e-cigarettes means the U.S. could ban “anything.”<\/p>\n
After the U.S. government confirmed it was preparing a ban<\/a> on flavored e-cigarettes, the news about the blow to the lucrative industry spread like wildfire. While most discussed the impact the ban will have on the economy, the changes it could bring about policy-wise were overlooked, suggested Lee.<\/p>\n Thomas Lee<\/a>, the managing partner at Fundstrat Global, pointed out that the ban on e-cigarettes could have long-lasting consequences and affect other industries\u2014including crypto.<\/p>\n Lee said that the move on the e-cigarette industry shows that the White House can issue an executive order “banning anything.” Suspected to be the cause of a mysterious lung disease that affected hundreds and killed at least 6 people, flavored electronic cigarettes were an easy target. Bitcoin, Lee believes, could be next on the list.<\/p>\n This is un-related but shows White House can issue an \u2018executive order\u2019 banning anything. And could even ban bitcoin. Not expecting it. But with current White House, there is \u201cnothing out of bounds nor out of reach\u201d@CNBC<\/a> @angelicalavito<\/a>#vaping<\/a> #bitcoin<\/a>https:\/\/t.co\/gMZur1M4Cm<\/a><\/p>\n — Thomas Lee (@fundstrat) September 11, 2019<\/a><\/p><\/blockquote>\n\n