$TRUMP ’s ‘Big, Beautiful Bill’ Could Drive Millions Toward Crypto

A new Republican-backed proposal, dubbed the "Big, Beautiful Bill" by Donald Trump, could dramatically reshape the remittance landscape—and potentially boost crypto adoption.

A 5% Remittance Tax That Hits Millions

The bill proposes a 5% tax on funds sent by non-U.S. citizens to family abroad. With over 40 million people in the U.S. relying on international remittances, the policy could impact billions in cross-border transactions. In 2024 alone, remittances to Mexico exceeded $64 billion. If passed, the tax could yield more than $3 billion annually.

Criticism from Abroad

Countries like Mexico have strongly opposed the bill. Mexican President Claudia Sheinbaum called it “arbitrary and unjust,” emphasizing that remittances are the result of hard work that supports both the U.S. and foreign economies.

Crypto: A Tax-Free Alternative?

Analysts suggest that senders may turn to alternatives to avoid the tax, including unofficial or digital channels. Crypto, in particular, stands out. With self-hosted wallets, users can transfer funds without relying on traditional remittance providers—keeping transactions beyond the bill’s reach.

A Revival for Crypto Remittances?

While crypto has yet to gain mainstream traction in remittances, this legislation may spark renewed interest. Platforms offering fast, low-cost, and borderless transfers could benefit, especially among migrant workers seeking to send money home without incurring additional costs.

A New Era for Cross-Border Finance?

If passed, Trump’s proposal could unintentionally accelerate crypto adoption—turning a controversial tax into a catalyst for decentralized finance growth.

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