The Trump administration reiterated its support for a minimum tax exemption on cryptocurrency transactions, promoting legislation to facilitate daily payments

ChainCatcher news, according to The Block, the Trump administration has expressed support for implementing a minimal tax exemption policy for small cryptocurrency transactions. Although this provision was not included in the recently signed "Great American Outdoors Act," White House Press Secretary Levitt stated that the government will continue to push for relevant legislation to lower the tax threshold for users using cryptocurrency in everyday payments.

In addition, the Trump team plans to promote the signing of the "GENIUS Act" to improve the regulatory framework for stablecoins and aims to make the United States the "global crypto capital." Currently, the IRS still requires all cryptocurrency transactions to be reported accurately. Once the exemption policy is implemented, it is expected to greatly simplify compliance processes and increase mainstream user adoption.