🚨 Trump's Cryptocurrency Policy Explodes! Is America Becoming a "Tax Haven"? Stiglitz's Warning is Here! 🔥💥
Nobel laureate Joseph Stiglitz warns: Trump's cryptocurrency policy could turn the U.S. into the world's largest tax haven! By halting corporate ownership data collection, withdrawing from global tax cooperation, relaxing cryptocurrency regulations, and weakening anti-money laundering enforcement, Trump is reducing financial transparency, establishing a strategic reserve for cryptocurrencies, and appointing cryptocurrency advocates to lead the SEC, making America a breeding ground for secretive transactions.
Stiglitz points out that regulatory laxity could foster an illegal economy, promote money laundering and tax evasion, and threaten financial stability. Trump's policies also include cuts to the IRS, weakening tax enforcement, and corporate tax cuts, which are expected to result in a revenue loss of $2.4 trillion over the next decade, exacerbating wealth inequality and making cryptocurrency an evasion tool. More than 50 countries worldwide are pushing for a 15% minimum corporate tax, while the U.S. withdrawal may hinder fair tax efforts.
In the short term, cryptocurrency investors may benefit from reduced regulation, but the long-term financial risks cannot be ignored.