[Jayati Ghosh: Trump Policies Fuel Sanctions Evasion and Illegal Transactions] According to an article by Jayati Ghosh, an economics professor at the University of Manchester, published in the *Bangkok Post*, the Trump administration promoted cryptocurrency deregulation, advanced the adoption of USD-pegged stablecoins through the 'GENIUS Act,' and refused to develop a central bank digital currency (CBDC). By 2025, the volume of illegal cryptocurrency transactions increased by more than 160% year-on-year, with countries like Russia, Iran, and North Korea leveraging cryptocurrencies to evade U.S. sanctions. Iran used cryptocurrencies to collect toll fees in the Strait of Hormuz, with estimated daily revenues reaching $36 million. Russia bypassed asset freezes through crypto exchanges, funding military procurement.