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Joseph Stiglitz Warns: Trump’s Crypto Policies Could Turn U.S. Into ’Biggest Tax Haven in History’
Joseph Stiglitz Warns: Trump’s Crypto Policies Could Turn U.S. Into ’Biggest Tax Haven in History’
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Nobel Prize-winning economist Joseph Stiglitz has issued a stark warning about the potential consequences of Trump-era crypto policies for financial transparency. The weakening of company ownership data collection, withdrawal from global tax cooperation, and relaxed anti-money laundering enforcement under the previous administration have created fertile ground for crypto-related secrecy.
Of particular concern are Trump’s executive orders facilitating anonymous crypto transactions and appointments of figures perceived as lax on regulation. These moves coincide with the proliferation of underregulated crypto exchanges and opaque digital platforms that could transform the U.S. into what Stiglitz describes as ’the biggest tax haven in history.’
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