Quote from the constitution on powers for taxes.
“The Congress shall have the Power to lay and collect Taxes, Duties, Imposts and Excises to pay the Debts and provide for the common Defense and general Welfare of the United States ."
But the president can put restrictions on banks on sending money out of the United States.
The US is approximately 2/3s of Remitly’s revenue. Its highly dependent on money leaving the United States.
I’m a bigger fan of Wise and you can see my writeup here. I love that they are growing their credit card revenue at 54% YoY and its their highest gross margin product. I think macro conditions caused the price drop on both of the companies and they shot up in value after they both continued to executed.
Drew