“I have to chuckle at the people who want to tax remittances out of the US by immigrants. I would suggest that MOST immigrants have moved to crypto because it’s cheaper, easier, faster, and it’s not going to be blocked or taxed by any government.”
Over $60 million a year sent by non crypto methods. Doesn’t sound like most immigrants have moved to crypto.
And neither will a 3% tax move them.
You think $60 million is a lot?
That is maybe a couple of months worth of money moving out of the US.