New documents shed striking light on Jeffrey Epstein. Released emails show that the controversial financier was intensively involved in crypto. Behind the scenes, Epstein even thought strategically about legislation, tax rules and supervision, and contacted influential players from both politics and the crypto sector.
Epstein actively involved himself in crypto policy
Emails from 2018 show that Jeffrey Epstein actively interfered with US policy surrounding Bitcoin (BTC) and other crypto coins. He called in Steve Bannon, who was an advisor to Donald Trump at the time, for this purpose. What is striking is that Epstein not only saw crypto as an investment, but also thought strategically about legislation, tax rules and international agreements to influence the sector.
Epstein had extensive knowledge of the risks and possibilities of crypto. He was concerned about the global impact of digital currencies and believed that countries needed to work better together on supervision and taxation. In one of his messages, he called crypto “a bizarre danger. Really dangerous” and warned that without clear rules it would become “a Ponzi scheme outside the law.”
Epstein proposed, among other things, that the US Treasury Department introduce a voluntary reporting form. He wanted to tackle ‘bad actors’ in the crypto world without immediately imposing heavy regulation. According to him, this could limit misuse of digital currencies.
Years later, significant steps have been taken in the field of crypto regulation. Under President Donald Trump, more clarity was provided, including through the Genius Act, which established clear guidelines for stablecoins. The Clarity Act is also now before the Senate. This law must provide clear legal definitions of crypto coins.
Libra received fierce criticism
Epstein also sharply criticized Libra, Facebook’s stablecoin project. According to him, a coin of that caliber could disrupt the financial system if launched without sufficient supervision.
In addition, Epstein maintained contact with prominent figures from the crypto world. The documents show that he spoke with Brock Pierce, a well-known Bitcoin investor and founder of several crypto startups. He also held discussions with other influential figures on the role of digital currencies in the global economy and regulation.
Epstein not Trump
Jeffrey Epstein was a millionaire who became infamous for his network of influential contacts and his criminal activities. He was accused of abusing and trafficking underage girls. He was arrested in 2019, but found dead in his cell a short time later. His death led to numerous conspiracy theories, speculating that powerful people had him taken out.
Epstein had close ties to Donald Trump for years. It has not yet been proven that Trump was aware of the abuses, but recently released emails show that Epstein did link him to one of the victims.
Source: https://newsbit.nl/jeffrey-epstein-zocht-advies-over-belastingen-op-bitcoin-en-crypto/
