Trump Supports De Minimis Tax Exemption for Bitcoin

• Lyla Velez
• July 17, 2025
• Policy
• 0 Comments

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President Trump has expressed support for a de minimis tax exemption on small-value crypto transactions, aiming to ease the capital gains tax. The announcement was made during a White House briefing on July 17, 2025.

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The event signals a shift toward encouraging crypto use in daily transactions. It reflects potential wider adoption and policy alignment with crypto-friendly nations.

De Minimis Tax Support

President Donald Trump announced his support for a de minimis tax exemption for small crypto transactions. The exemption aims to ease capital gains tax burdens, promoting digital currency use for daily purchases. The White House emphasized the policy’s goal to streamline crypto payment processes.

“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. Of course right now that cannot happen, but with the de minimis exemption, perhaps it could in the future, and we will continue to explore legislative solutions to accomplish that.” — Karoline Leavitt, White House Press Secretary

Legislative Collaboration

The decision involves collaboration with Senator Cynthia Lummis and the introduction of the Lummis bill, advocating lower tax exemptions for crypto microtransactions. Karoline Leavitt, White House Press Secretary, highlighted the administration’s commitment to fostering a global hub for crypto innovation.

Impact on Adoption

Immediate effects include a potential increase in Bitcoin (BTC) and cryptocurrency adoption, benefiting Ethereum (ETH) and stablecoins. On-chain payment volume may rise as merchant adoption grows, improving transaction processes for smaller payments.

Economic Implications

The financial implications are significant, easing regulatory and tax burdens for crypto users. The move may propel the United States toward global leadership in crypto innovation, aligning with countries like Germany and Portugal with more favorable crypto taxation policies.

Future Trends

Future trends may include heightened consumer adoption and institutional investment in digital currencies, bolstered by potential legislative action favoring crypto development. Data indicates that countries implementing similar policies saw increased crypto usage, suggesting a possible surge in U.S. crypto payments.