DeFi

A 30% tax on foreign holdings of securities would put a pretty big dent in non-US stablecoins. Maybe it will push them to hold tokenized tbills like BUIDL?

A critical item in Friday's "America First Investment Policy" White House memo has gone completely unnoticed. The administration is considering terminating the 1984 US-China tax treaty.
Currently, Chinese government entities (who hold almost $2 trillion in US assets) pay ZERO tax

Michael McNair

A 30% tax on foreign holdings of securities would put a pretty big dent in non-US stablecoins. Maybe it will push them to hold tokenized tbills like BUIDL?

https://x.com/michaeljmcnair/status/1894116170531574025?s=46&t=Gdg27M409WkRrOX1lGAlGQ