{"id":4285,"date":"2025-07-17T21:18:36","date_gmt":"2025-07-17T21:18:36","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/07\/17\/white-house-confirms-president-trumps-support-for-bitcoin-tax-exemption\/"},"modified":"2025-07-17T21:18:36","modified_gmt":"2025-07-17T21:18:36","slug":"white-house-confirms-president-trumps-support-for-bitcoin-tax-exemption","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/07\/17\/white-house-confirms-president-trumps-support-for-bitcoin-tax-exemption\/","title":{"rendered":"White House Confirms President Trump\u2019s Support For Bitcoin Tax Exemption"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

White House Confirms President Trump\u2019s Support For Bitcoin Tax Exemption<\/a><\/p>\n

<\/div>\n

The Trump administration is actively exploring a de minimis tax exemption for Bitcoin<\/a> transactions to eliminate barriers to everyday Bitcoin and crypto use, White House Press Secretary Karoline Leavitt confirmed during today\u2019s press briefing.\u00a0<\/p>\n

During today\u2019s White House press briefing, Bitcoin Magazine\u2019s political correspondent, Frank Corva<\/a>, asked two critical questions to Press Secretary Karoline Leavitt: whether President Trump favors removing central bank digital currency language from the GENIUS Act<\/a> to ensure passage, and about Trump\u2019s previous comments regarding a $600 de minimis tax exemption for Bitcoin transactions.\u00a0\u00a0<\/p>\n

Leavitt responded by revealing that President Trump has already signaled support for the exemption and that the administration \u201ccontinues to be in support<\/a> of that.\u201d\u00a0<\/p>\n

\n

BREAKING: White House says it is exploring de minimis tax exemption for Bitcoin “to make crypto payments easier.” pic.twitter.com\/4iBtqGdcZQ<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) July 17, 2025<\/a>\n<\/p><\/div>\n

\u201cWe 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,\u201d Leavitt stated. \u201cOf 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.\u201d\u00a0<\/p>\n

The timing coincides with Congress preparing to deliver<\/a> the GENIUS Act to Trump\u2019s desk following yesterday\u2019s procedural victory. On July 16, the House passed a motion advancing the GENIUS Act alongside the CLARITY Act and Anti-CBDC Surveillance State Act, overcoming resistance from some Republicans who demanded stronger central bank digital currency protections.<\/p>\n

Leavitt confirmed a signing ceremony is scheduled for tomorrow afternoon, describing the legislation as pivotal to fulfilling Trump\u2019s campaign promise. \u201cThis piece of legislation is going to make America the crypto capital<\/a> of the world, and that\u2019s what the president promised,\u201d she declared.\u00a0<\/p>\n

The GENIUS Act primarily addresses stablecoin regulation, while the CLARITY Act establishes clear oversight divisions between the SEC and CFTC for digital commodities like Bitcoin. The Anti-CBDC Act prohibits Federal Reserve issuance of a central bank digital currency.<\/p>\n

\n

JUST IN: President Donald Trump said “We are going to show the World how to WIN with Digital Assets like never before!” pic.twitter.com\/nm7LHLzPLZ<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) June 19, 2025<\/a>\n<\/p><\/div>\n

The administration\u2019s anti-CBDC stance remains unwavering. \u201cThe president opposes that,\u201d Leavitt emphasized. \u201cHe made that promise to the American people on the campaign, and while it\u2019s not in this specific piece of legislation, he did sign a January executive order<\/a> banning a central bank digital currency.\u201d\u00a0<\/p>\n

Looking ahead, Leavitt indicated more cryptocurrency legislation will emerge from Capitol Hill. \u201cThe administration supports Congress\u2019s efforts to codify that executive order into law, and I believe there will be future pieces of legislation in regards to crypto that will be moving through Capitol Hill,\u201d she said.\u00a0<\/p>\n

\n

JUST IN: Trump’s Executive Director Bo Hines says the crypto industry will probably go to \u201c$15-$20 trillion\u201d after stablecoin legislation becomes law. <\/p>\n

Bullish <\/p>\n

pic.twitter.com\/R9dp7Npzfy<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) July 3, 2025<\/a>\n<\/p><\/div>\n

This post White House Confirms President Trump\u2019s Support For Bitcoin Tax Exemption<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Jenna Montgomery<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine White House Confirms President Trump\u2019s 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\u2019s press briefing.\u00a0 During today\u2019s White House press briefing, Bitcoin Magazine\u2019s political […]<\/p>\n","protected":false},"author":0,"featured_media":4286,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-4285","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=4285"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/4286"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=4285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=4285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=4285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}