Trump’s “Big, Beautiful Bill” Could Send Millions into Crypto Frenzy!

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Well, well, well! If Trump’s big, beautiful bill gets the green light, it could throw a whopping 5% tax on remittances, sending more than 40 million people into a frenzy. Analysts are practically *begging* for this to be the moment crypto gets its big break! 💸

Trump’s Tax Bill: Will It Ignite a Crypto Revolution? 🤔

Hold onto your hats, folks! President Donald Trump’s “big, beautiful bill” might just be the ticket for crypto to finally break out of the shadows! Why? Because this lovely little bill proposes a 5% tax on remittances sent by non-U.S. citizens back home. And let me tell you, it’s not just a tax – it’s a game-changer! 😱

Over 40 million people in the U.S. could be affected by this charming little tax, including all those who send a portion of their income back to family and friends across the globe. And whoopsie-daisy! Some countries – like Mexico – aren’t thrilled about this proposal. (What a shocker!) 🤷‍♂️

Mexico’s President, Claudia Sheinbaum, wasn’t exactly throwing a party about this idea. She had this to say:

Remittances are the fruit of the efforts of those who, through their honest work, strengthen not only the Mexican economy but also the United States’, which is why we consider this measure to be arbitrary and unjust.

And guess what? According to the Bank of Mexico, remittances to Mexico are set to top a staggering $64 billion in 2024. If this tax goes through, the U.S. could be looking at a cool $3 billion in revenue. That’s one heck of a payday! 💰💰

But wait, there’s more! Analysts are already saying that, no matter how hard the U.S. tries to grab that sweet, sweet tax money, people are going to find a way around it. Just ask Manuel Orozco, director of the Migration, Remittances, and Development Program at the Inter-American Dialogue, who believes people will find sneaky ways to send money via “unauthorized channels.” 🕵️‍♂️

And guess what? One of those “unauthorized channels” could very well be crypto! Oh yes, crypto – that little rebel without a cause. Coin Center, a crypto advocacy group, highlighted that self-hosted wallets (aka those nifty, no-middle-man wallets) would be completely outside the bill’s scope. So, if you’ve got a wallet and a will, you might just be able to dodge that tax bullet. 🏃‍♂️💨

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2025-05-18 11:57