President Donald J. Trump just issued an Executive Order through Whitehouse.gov that declares digital assets issued by the Government of Venezuela illegal.

This means that any US citizen who funds, accepts who if financing or transacting with these digital assets is breaking the law. This should effect those as well who took part in the crowdfunding of the Petro, which was the first known government issued Venezuelan digital currency that is meant to be backed by 1 barrel of oil for every token. The Petro had a very chaotic and controversial launch.

It’s worth to note that the Petro digital asset is running on top of the NEM chain, but the developers already stated previously that they have nothing to do with the Venezuelan Government using their chain and they are not endorsing the project.

The document that can be found here also asks all agencies of the United States Government to take immediate and appropriate measures to follow this regulation.