Trump Administration Supports Tax Exemption for Small Cryptocurrency Transactions, Spokesperson Says

On the 17th, U.S. spokesperson Caroline Leavitt announced that President Trump and the current administration are in favor of tax exemptions for small amounts in cryptocurrency transactions. This measure is designed for those who wish to use cryptocurrencies casually, like buying coffee, and aims to make cryptocurrency payments more straightforward and efficient. She mentioned that legislative efforts are being explored to implement these small transaction exemptions in the future. In the U.S., alongside major regulations such as the GENIUS Act and the Anti-CBDC Surveillance State Act, the cryptocurrency tax reform bill is also garnering significant attention. During the press conference on the 17th, Ms. Leavitt discussed the administration's support for the small transaction tax exemptions for cryptocurrencies.