El Petro was a success and pre-launche sales helped raise as much as 5 billion dollars for Venezuelan government.
What makes El Petro special is that the price for it is supported by the oil prices. But, as it is widely known, the president of the United States is not good with the Southern neighbors of America, so there is the first major bump for el Petro.
After declaration that Trump administration made concerning tightening of the anti-Maduro government sanctions Trump made a new statement, saying that from now on it is against the law for the American traders and trading companies to work with el Petro.
Trump also said that it is absolutely necessary to follow everything that is going on in the world, especially stuff connected to Maduro and his administration. Trump doesn’t think that el Petro should be looked at as legitimate crypto, while it was created by the unlawfully chosen National Assembly.
Trump has also banned all the transaction which go against this prohibition.