The official statement revealed a “de minimis exemption” policy under consideration, which would provide tax exemption for crypto payments under $600. The Trump administration aims to make crypto more accessible for everyday use by Americans. 

A White House spokesperson said: 

“We are open to this idea to simplify and streamline crypto payments. With the de minimis exemption, people will be able to use crypto as easily as traditional currency.” 

This proposal is regarded as a key part of Trump’s crypto-friendly economic policy. It also represents a concrete step toward the U.S. becoming a leader in the crypto world. 

Aligned with CLARITY Act and Lummis Bill 

Senator Cynthia Lummis introduced a similar bill earlier this month, proposing a $300 tax exemption for daily crypto transactions. Trump’s supported plan raises this limit to $600, covering a broader scope. 

Meanwhile, the House of Representatives is currently voting on the CLARITY Act (H.R. 3633), which aims to clarify regulations on crypto assets. Trump also supports this legislation. 

A White House official said they are confident the bill will pass: 

“We have the necessary votes. After passing both the House and Senate, it will be presented to the President for approval.” 

These developments are critical for bringing legal clarity to the American crypto sector. They also make digital assets more attractive for everyday use. 

A Policy Trend in Line with Global Movements 

Tax exemptions for crypto are not limited to the U.S. For example, Thailand announced it will not impose capital gains tax on crypto transactions until 2029. Countries like Portugal and Germany offer various exemptions for long-term crypto investments. Switzerland and Malta have long attracted investors with crypto-friendly tax structures. The U.S.’s moves in this area are strategically important to stay competitive globally. 

Donald Trump aims to turn the U.S. into a crypto finance hub, not only a tech leader. This step in crypto tax policy draws attention both for voter support and global financial vision. 

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