Trump’s crypto policy could change us into a “largest tax haven in history”

Nobel Prize Economist Joseph E. Stiglitz has issued a sharp warning: Donald Trump’s policy pushes the United States to become the world’s largest tax haven. And the consequences can be enormous for the crypto community.

Trump’s crypto movements raise alarm bells

Stiglitz states that Trump’s administration has weakened financial transparency by stopping data from the company ownership, withdrawing from the global tax operation, to alleviate crypto regulations and reduce the enforcement of the anti-fee.

In particular the executive command of Trump to a Strategic Cryptocurrency -Reserve and the appointment of one Crypto lawyer to lead the sec have raised large red flags. According to Stiglitz, these actions make the US an attractive destination for hidden crypto transactions.

Crypto Secrecy: A Brewing Storm?

Stiglitz warns that the rise of under -regulated crypto exchanges, online casinos and anonymous platforms could be under Trump feeds the global illegal economyIt was easier than ever to launch money and tax evasion.

Although crypto investors may see fewer regulations as an opportunity, Stiglitz emphasizes that uncontrolled crypto activity could seriously threaten financial stability in the long term.

A greater financial shift in motion

Trump’s crypto policy is only part of a greater effort to dismantle financial guarantees, says Stiglitz. Lowering IRS staff, reducing tax enforcement and offering large corporation tax breaks could lower the American tax revenues by $ 2.4 trillion In the following decade.

In the meantime, the rates on the entry have a taxed ordinary Americans, while they benefit a few, which will continue to broaden the wealth gorge – and crypto -activa, Stiglitz warns, are increasingly becoming a tool for tax avoidance.

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The world continues without the US

While the US is letting go, over 50 countries promote a global minimum corporation tax of 15% To promote fairness and accountability. Stiglitz suggests that the retreat of America can strengthen global efforts for fairer load.

Bottom Line

Joseph Stiglitz’s message is clear: Trump’s Crypto -Dereregulation could transform the US into a magnet for offshore wealthBut at the expense of financial stability and worldwide trust.

For crypto investors, the short-term profit of less regulation could come with long-term risks that are impossible to ignore.