White House Press Secretary: The Trump administration supports providing a "de minimis" tax exemption for crypto transactions in future legislation.

According to The Block, White House Press Secretary Karoline Leavitt stated that the Trump administration supports providing a "de minimis" tax exemption for crypto transactions in future legislation. "The President has made it clear that he supports a de minimis tax exemption for cryptocurrencies, and the administration continues to support that position, and we are indeed open to this to make cryptocurrency payments more convenient and efficient for people who want to use cryptocurrencies, as simple as buying a cup of coffee. Of course, this is not possible at the moment, but with a de minimis tax policy, it may be possible in the future, and we will continue to explore legislative solutions to achieve this goal." [Foresight News]