The Crypto Conundrum: US Investors Left High and Dry by Geoblocking Policies

by

🚨💸 The Crypto Conundrum: US Investors Left High and Dry by Geoblocking Policies 🚨💸

The Crypto Conundrum: US Investors Left High and Dry by Geoblocking Policies

My dear friends, it appears that the world of cryptocurrency has become a veritable minefield of exclusivity, where the unwary investor is left to navigate a labyrinth of geoblocking policies that deny them access to the sweet, sweet nectar of airdrops.

Oh, the humanity! It’s enough to make one weep for the lost fortunes of US investors, who, due to the restrictive regulations of their government, have been unable to partake in the decentralized value distribution that blockchain projects so lovingly bestow upon the world.

The Geoblocking Conundrum: A Tale of Woe and Lost Revenue

According to a report by the esteemed venture capital firm, Dragonfly, a staggering 920,000 to 5.2 million US cryptocurrency users were left in the cold, their participation denied by the very geoblocking policies intended to protect them from the scourge of, well, themselves.

And what of the financial implications, you ask? Ah, my friends, the numbers are simply ghastly! The estimated lost revenue for US users ranges from a paltry $1.84 billion to a whopping $2.64 billion, a figure that pales in comparison to the estimated $3.49 billion to $5.02 billion in lost revenue when applying the percentage of lost participation to a broader dataset from CoinGecko.

The Tether Tangle: A Web of Offshore Tax Evasion

But wait, there’s more! The report also highlights the significant implications for tax revenue, with an estimated loss of $418 million to $1.1 billion in federal tax revenue and $107 million to $284 million in state tax revenue. And let’s not forget the offshore migration of crypto businesses, which has resulted in the loss of an estimated $1.3 billion in federal corporate taxes and $316 million in state taxes, thanks to the likes of Tether, that most nefarious of stablecoin issuers.

So, my dear friends, the next time you find yourself pondering the mysteries of the universe, remember: geoblocking policies are not just a nuisance, but a veritable cash cow for those who would seek to evade the taxman and leave US investors high and dry.

Read More

2025-03-15 19:29