Nobel Prize-winning economist Joseph E. Stiglitz A sharp warning was issued: Donald Trump’s policy pushes the US to become the world’s largest tax shelter. And for the crypto community, the outcomes can be enormous.
Trump’s Crypto Moves Raise Alarm Bell
Stiglitz claims the Trump administration has halted collection of company-owned data, withdrew from global tax cooperation, relaxed crypto regulations and reduced enforcement of anti-money laundering.
In particular, the presidential orders for Trump to create Strategic Cryptocurrency Reserve Appointment with Crypto advocates for leading the SEC It is holding a major red flag. According to Stiglitz, these actions make the United States an attractive destination for hidden crypto transactions.
Crypto Secrecy: A brewing storm?
Stiglitz warns that the rise of unregulated crypto exchanges, online casinos and anonymous platforms under Trump is possible. We will fuel the world’s illegal economymaking money washing and tax evasion easier than ever.
While Crypto investors may view less regulations as an opportunity, Stiglitz emphasizes that unchecked crypto activity can seriously threaten long-term financial stability.
Larger financial shifts ongoing
Trump’s crypto policy is just part of a bigger effort to dismantle financial safeguards, Stiglitz says. Reduced IRS staffing, reduced tax enforcement, and provided major corporate tax credits We can reduce tax revenue $2.4 trillion The next 10 years.
Meanwhile, tariffs on imports are burdening ordinary Americans, benefiting the wealthy few, further increasing the wealth gap. And the crypto assets Stiglitz warns are becoming increasingly tax-free tools.
The world moves forward without the US
As the US loosens its grip, 50 countries are pushing for a 15% global minimum corporate tax Promoting fairness and accountability. Stiglitz suggests that America’s retreat can ironically strengthen global efforts for fairer taxation.
Conclusion
Joseph Stiglitz’s message is clear: Trump’s encryption deregulation can turn the US into a magnet for offshore wealthbut at the expense of financial stability and global trust.
For crypto investors, short-term profits with little regulation can be accompanied by long-term risks that are impossible to ignore.
