White House Confirms Donald Trump’s Support for Crypto Tax Exemption

The White House has confirmed that President Donald Trump supports a new policy that could eliminate capital gains tax on Bitcoin and other cryptocurrency payments. This move is seen as a significant step toward making crypto transactions easier and more accessible for Americans.

Donald Trump Support for Crypto Tax Exemption

During a recent briefing, a White House representative confirmed that President Donald Trump is in favor of a “de minimis exemption” for crypto transactions. This exemption would mean that small crypto payments, under $600, would not trigger capital gains tax. The goal is to make using crypto for everyday purchases, such as buying coffee, more practical without the burden of additional tax filings.

“We are definitely receptive to it to make crypto payments easier and more efficient,” She said. “With a de minimis exemption, perhaps it could be possible for people to use their crypto as simply as they would use traditional currencies,” she continued.

This initiative follows President Trump’s broader promise to support policies that encourage the growth of cryptocurrency in the U.S., positioning the country as the world’s crypto capital. Moreover, amid these projections, Senator Cynthia Lummis introduced a bill earlier this month including a $300 exemption for daily crypto transactions, aligning with Donald Trump vision.

This Is A Developing News, Please Check Back for More

Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary .


With a Bachelor’s degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets.


His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content.


Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape.


Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.