The White House on Thursday confirmed that President Donald Trump remains involved in carving secure de minimis tax for everyday bitcoins and other cryptocurrency payments, as in his opinion, his economic team allows the functioning of digital money “like buying a cup of coffee”.

Trump supports Bitcoin and Crypto exemption

Press secretary Karoline Leavitt gave comments during the daily check -in after the correspondent of the Bitcoin Corva magazine pressed The administration or the president still stands on the threshold of USD 600, which he first lifted at the beginning of this year. “The president signaled his support for de minimis dismissal for cryptocurrencies, and the administration still supports it,” said Leavitt, adding that the State Treasury and the Congress “study legislative solutions to achieve this.”

Leavitt argued that the agent would remove the micro -deposit burden, which currently forces users to calculate tax on capital guests every time they issue appreciated digital assets. “At the moment this cannot happen, but with the exception of de minimis perhaps in the future,” she told journalists, describing the sculpture as a critical for Trump’s commitment, that the United States was “the capital of cryptocurrency of the world.”

It is expected that the exemption will be created as part of tax regulations for the following tax this year, but already has a rush on capitol. On Wednesday, the Chamber was promoted to a bilateral genius act, the first comprehensive federal frame for Stablecouins and a separate bill that would write a de minimis standard directly to the internal revenue code. Leavitt said that the genius act cleaned the chamber 308-122 and is scheduled for the signing ceremony of the pink garden.

Push Trump raises the debate, which began in 2022, when the senators of Pat Tomey and Kyrsten Sinema introduced the law on the virtual currency to release profits to $ 200 for a transaction – below the 600 USD limit supported by the White House. Industry groups, such as the Coin Center and Blockchain Association, have long claim that parity with the principles of foreign strangeness is necessary to adopt retail cryptocurrencies.

Leavitt also repeated that the president “opposes the central digital currency”, noticing the January ordinance of Trump, except for the federal reserve of issuing one and supporting congress efforts to codify this prohibition. She presented a combined package – Stablecoin Supervision, rules for securing securities, the Anti -CBDC Act and the upcoming de minimis amendment – as “the regulatory basis that will free American leadership in digital assets for decades.”

Excluding $ 600 would significantly reduce friction in the case of low -value cryptography expenditure, leaving huge transfers fully subject to taxation, striking the balance between utility and revenue protection. Regardless of whether the final threshold lines are 200 USD, USD 600, whether it is indexed to inflation, will depend on the negotiations in the Senate later this summer, but the support of the White House gives the measure of its strongest so far. As Leavitt summed up: “The president is looking forward to signing any element of pro -Crypto legislation, which Congress can send him.”

During the Bitcoin press he traded for USD 120,576.

A distinguished painting created from Dall.e, chart from tradingview.com

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