Here’s What We Know!

In October of 2017, rumors started to circulate that the Trump administration was planning to ban bitcoin. We also saw attorney general Jeff Sessions state that bitcoin and the use of other cryptocurrencies on the dark web is posing to be a serious problem. Reportedly, individuals on the dark web were selling illegal substances and to do so, were using bitcoin as it has untraceable financial capabilities.

The latest we heard from the administration regarding cryptocurrencies came from White House press secretary Sarah Sanders. It was an announcement that took the entire industry by surprise. Sanders mentioned that Homeland security is monitoring bitcoin, adding that it is something Trump is keeping his eye on.

Personally, I would like to see the president address the industry himself. It is something that has taken the United States by storm, and if Trump wants to share his opinion on North Korean dictator Kim Jong-un, then I think he should address something that his civilians are pouring both countless hours and resources into.