Tyler Winklevoss thinks Bitcoin is past the risk of a US ban

Tyler Winklevoss thinks Bitcoin is past the risk of a US ban


The United States government has increasingly stepped up its overwatch on crypto in recent years, although an outright ban on Bitcoin is now unlikely — at least according to Gemini CEO and co-founder Tyler Winklevoss.

“I think, if we were back in 2013, this would be kind of an open question,” Winklevoss told podcaster Peter McCormack when asked about regulation and a Bitcoin (BTC) ban during a Friday episode of the What Bitcoin Did podcast:

“I think that the U.S. will never outlaw Bitcoin. There’s too much precedent that’s been set in the courts. The Coinflip order, which was a CFTC [Commodity Futures Trading Commission] enforcement action which was upheld in the courts, considered Bitcoin a commodity like gold.”

Trending: Robin Bullock: Why They Are Desperate To Stop The “Last Trump”

Back in 2015, the CFTC referred to BTC as a commodity in the midst of dealing with Derivabit, a BTC options trading platform. According to the CFTC, Derivabit, a product of a company called Coinflip, was not compliant with the governing body at the

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend