
U.S. Treasury Secretary Bescent indicated the proposed dividend could be delivered via tax cuts or tip tax exemptions, adding flexibility to Trump’s tariff-funded payout plan.
President Donald Trump’s plan to provide at least $2,000 to most American adults, funded by tariff revenues and excluding high-income earners, is gaining further detail. U.S. Treasury Secretary Bescent stated on November 17 that the dividend could take forms such as tax reductions or exemptions from taxes on tips, offering varied mechanisms for distribution. The proposal, estimated at $400 billion, spurred a sharp rally in cryptocurrency markets, with Bitcoin surpassing $106,000 and Ether climbing, as traders anticipated increased liquidity. High exchange trading volumes and altcoin gains marked the immediate aftermath, though analysts warn implementation faces legal and congressional challenges.