White House Confirms President Trump’s Support For Bitcoin Tax Exemption
Bitcoin Magazine White House Confirms President Trump’s Support For Bitcoin Tax Exemption The Trump administration is actively exploring a de minimis tax exemption for Bitcoin transactions to eliminate barriers to everyday Bitcoin and crypto use, White House Press Secretary Karoline Leavitt confirmed during today’s press briefing. During today’s White House press briefing, Bitcoin Magazine’s political correspondent, Frank Corva, asked two critical questions to Press Secretary Karoline Leavitt: […] This post White House Confirms President Trump’s Support For Bitcoin Tax Exemption first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
Bitcoin Magazine
White House Confirms President Trump’s Support For Bitcoin Tax Exemption
The Trump administration is actively exploring a de minimis tax exemption for Bitcoin transactions to eliminate barriers to everyday Bitcoin and crypto use, White House Press Secretary Karoline Leavitt confirmed during today’s press briefing.
During today’s White House press briefing, Bitcoin Magazine’s political correspondent, Frank Corva, asked two critical questions to Press Secretary Karoline Leavitt: whether President Trump favors removing central bank digital currency language from the GENIUS Act to ensure passage, and about Trump’s previous comments regarding a $600 de minimis tax exemption for Bitcoin transactions.
Leavitt responded by revealing that President Trump has already signaled support for the exemption and that the administration “continues to be in support of that.”
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