Why America's new crypto regime makes other countries nervous
Has the United States decided to be the Switzerland of crypto? The laudable aim of the Trump administration's landmark cryptocurrency legislation, eloquently exposited by Treasury Secretary Scott Bessent, is to bring some much-needed regulatory clarity to the wild west of digital finance. However, by proffering an official stamp of approval, the U.S. is potentially providing a powerful vehicle for facilitating tax evasion and all manner of illegal activity worldwide.
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