Trump’s encryption policies can hover us to “the largest tax haven in history”

Nobel Prize -winning economist Joseph E Steglitz He issued a sharp warning: Donald Trump’s policies pushing the United States to become the largest tax haven in the world. For the encryption community, the consequences can be enormous.

Trump encoding movements raise warning bells

Stiglitz argues that the Trump administration weakened financial transparency by stopping the collection of company ownership data, withdrawing from global tax cooperation, mitigating encryption regulations, and expanding the scope of the anti -money laundering application.

In particular, Trump’s executive order to create a Strategic cryptocurrency reserves And appoint a Evidence defender to lead the Supreme Education Council Great red flags. According to Stiglitz, these measures make the United States an attractive destination for hidden encryption transactions.

Crypting Confusion: A fermentation storm?

Stiglitz warns of the rise of irregular encryption, online casinos, and unknown platforms during the Trump era Further the global illegal economyEarning money laundering and tax evasion is easier than ever.

While the encryption investors may see that there are lower regulations as an opportunity, Stijiz confirms that the encryption activity that has not been verified can seriously threaten the long -term financial stability.

Mali larger is ongoing

Trump’s Siglitz said that Trump’s encryption policies are only part of a larger effort to dismantle financial guarantees. Reducing the employees of the Tax Authority, reducing the application of taxes, and providing tax exemptions to the main companies It can reduce US tax revenues 2.4 trillion dollars During the next decade.

Meanwhile, the customs tariffs on imports have burdened ordinary Americans while taking advantage of a rich few, which increases the expansion of the wealth gap – and the origins of encryption, increasingly, have become a tool to avoid taxes.

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The world is progressing without the United States

The United States also hides its grip, more 50 countries are advancing To enhance fairness and accountability. Stiglitz suggests that the decline in America can enhance the global efforts for the most fair taxes.

The bottom line

Joseph Steglitz’s message: Trump’s liberation can lead to the conversion of the United States into a magnet of external wealthBut at the expense of financial stability and global trust.

For encryption investors, the short -term gain can come to less organization with long -term risks that are impossible to ignore.