The Trump administration remains firmly in favor of tax exemptions for small crypto transactions and plans to promote relevant legislation

Odaily News White House press secretary Karoline Leavitt said the Trump administration still firmly supports the tax exemption policy for small cryptocurrency transactions and will continue to promote relevant legislation in the future. Although the previous attempt to include the tax exemption clause in the Big and Beautiful Act was not passed, the government believes that the policy will help simplify the crypto payment process and encourage daily use.