The Trump administration is considering a de minimis tax exemption for Bitcoin transactions, aimed at easing barriers to everyday usage of cryptocurrency. Press Secretary Karoline Leavitt confirmed that President Trump supports this exemption to enhance the efficiency of crypto payments, such as purchasing coffee. Coinciding with congressional actions on the GENIUS Act, which aims to bolster America as the 'crypto capital of the world,' the administration is eager to explore legislative solutions to achieve this goal and fulfill campaign promises regarding cryptocurrency regulation.
We are definitely receptive to it to make crypto payments easier and more efficient for those who seek to use crypto as simple as buying a cup of coffee.
President Trump has already signaled support for the exemption and that the administration continues to be in support of that.
The timing coincides with Congress preparing to deliver the GENIUS Act to Trump's desk following yesterday's procedural victory.
This piece of legislation is going to make America the crypto capital of the world.
Collection
[
|
...
]