Trump's digital tax memo could potentially impact US crypto firms, escalating global trade tensions and leading to increased compliance costs and potential market contraction. This could affect the crypto business in various ways, including:

- Increased Regulatory Pressures: The memo may lead to stricter regulations, making it more challenging for crypto companies to operate.

- Market Volatility: The uncertainty surrounding the memo's impact could lead to market fluctuations, affecting crypto prices and trading volumes

- Compliance Costs: US crypto firms may need to invest more in compliance measures, potentially increasing operational costs and affecting profitability.

However, it's essential to note that Trump has also made pro-crypto statements, suggesting that he might support the growth of the crypto industry. The actual impact of the memo on the crypto business will depend on how it's implemented and received by the industry.#TRUMP #memo