#CryptoRegulation

šŸšØšŸ’„ Trump’s ā€œBig, Beautiful Billā€ Could Drive Millions to Crypto! šŸ’øšŸ“²

President #Trump’s GOP-backed proposal

would slap a 5% tax on remittances sent by non-U.S. citizens—impacting 40M+ people. 😳

šŸŒŽ Countries like Mexico, a top remittance recipient, are sounding the alarm. President Sheinbaum called it ā€œarbitrary and unfair,ā€ noting remittances fuel both economies.

šŸ’° In 2024 alone, Mexico is expected to receive $64B in remittances. That’s over $3B in potential tax revenue if the bill passes.

But here’s the twist:

šŸ“‰ Analysts warn that this tax could push senders to explore crypto alternatives to bypass the fee—especially self-custodial wallets, which fall outside the bill’s scope.

šŸ” No middlemen. No tax. No problem.

As traditional channels get squeezed, crypto—once overlooked for remittances—might finally have its breakout moment.

šŸ‘€ Eyes on:

$BTC

#CryptoAdoption

#SaylorBTCPurchase

#cryptouniverseofficial

#BinanceAlphaPoints