{"id":884854,"date":"2026-01-14T06:12:09","date_gmt":"2026-01-14T12:12:09","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/14\/white-house-confirms-trump-wants-to-remove-crypto-taxes\/"},"modified":"2026-01-14T06:12:09","modified_gmt":"2026-01-14T12:12:09","slug":"white-house-confirms-trump-wants-to-remove-crypto-taxes","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/14\/white-house-confirms-trump-wants-to-remove-crypto-taxes\/","title":{"rendered":"White House Confirms Trump Wants To Remove Crypto Taxes."},"content":{"rendered":"
\n

\"White<\/a><\/p>\n

President Donald Trump favors exempting small crypto payments from taxes. This news, announced at a press conference, has already sparked excitement in the crypto community. Let\u2019s break it down.<\/strong><\/h4>\n

Such an incentive to reduce crypto taxes may alter how Americans spend digital assets in daily life.<\/p>\n

White House Addresses Crypto Policy<\/strong><\/h3>\n

During a White House press briefing, Frank Corva, the White House correspondent for Bitcoin Magazine, asked about crypto legislation<\/a>. He was interested in knowing what the administration thought of it. His inquiries were aimed at two big problems. Taxation in crypto<\/a> on small transactions and state attitude toward central bank digital currencies.<\/p>\n

In its turn, the White House confirmed that the President prefers a de minimis crypto tax exemption. It would exempt small crypto transactions, like today\u2019s small foreign exchange transactions.<\/p>\n

\n

\ud83c\uddfa\ud83c\uddf8 WHITE HOUSE SAID PRESIDENT TRUMP SUPPORTS TO ELIMINATE CAPITAL GAINS TAX FOR SMALL #BITCOIN<\/a> PAYMENTS<\/p>\n

YOU ARE NOT BULLISH ENOUGH pic.twitter.com\/Iq1l0K3wWk<\/a><\/p>\n

\u2014 Vivek Sen (@Vivek4real_) January 9, 2026<\/a><\/p>\n<\/blockquote>\n

Crypto Tax Exemption<\/strong><\/h3>\n

Right now, paying for everyday items with crypto is difficult. Even buying things with Bitcoin<\/a> can trigger a taxable event. The White House explained that removing crypto taxes on small payments would make crypto simpler and more practical to use. The goal is to allow people to spend crypto without tracking every tiny gain or loss.<\/p>\n

Officials said the administration is receptive to legislative solutions. These solutions would make crypto payments easier and more efficient for everyday users.<\/p>\n

\n

A HUGE win-<\/p>\n

President Donald Trump is reportedly set to remove tax on Bitcoin and other crypto transactions, according to journalist and technologist Paul Barron.<\/p>\n

President Donald Trump reportedly wants to remove taxes on Bitcoin and other crypto transactions, according to Paul\u2026 pic.twitter.com\/G5TcvLKyzK<\/a><\/p>\n

\u2014 @JosetteCaruso Josette Caruso (@JosetteCaruso_) January 12, 2026<\/a><\/p>\n<\/blockquote>\n

No CBDC, Clear Opposition<\/strong><\/h3>\n

The briefing also touched on central bank digital currencies, or CBDCs<\/a>. The White House made its position clear. President Trump strongly opposes a U.S. central bank digital currency. He previously signed an executive order banning it in January and supports efforts by Congress to turn that order into law.<\/p>\n

The current Genius Act<\/a> lacks CBDC language, but the administration supports future legislation. That legislation would officially block the issuance of a government-issued digital dollar.<\/p>\n

Genius Act and What Comes Next<\/strong><\/h3>\n

The White House confirmed that the Genius Act has passed Congress and is heading to the President\u2019s desk. The White House expects to hold a signing ceremony soon. Officials said the legislation is part of a broader plan. It aims to make the United States the world\u2019s crypto capital, a promise Trump made during his campaign.<\/p>\n

\n

\ud83d\udc26 This week is a crucial one for crypto<\/p>\n

\ud83d\udd35 SEC Chairman Paul Atkins stated that the U.S. is on the verge of major changes in crypto regulation.<\/p>\n

What matters?<\/p>\n

\ud83d\udd34 Congress has passed the Genius Act \u2014 the first cryptocurrency law in U.S. history.<\/p>\n

The law lays the foundation for\u2026 pic.twitter.com\/4gJYlXh0l9<\/a><\/p>\n

\u2014 Discover (@0x_Discover) January 13, 2026<\/a><\/p>\n<\/blockquote>\n

Conclusion<\/strong><\/h3>\n

The White House\u2019s confirmation of Trump\u2019s support for removing crypto taxes on small payments is a big moment for the industry. If passed into law, fewer crypto taxes could unlock real adoption.<\/p>\n

<\/p>\n

\n

\"YouTube<\/p>\n<\/div>\n

Disclaimer<\/h6>\n

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer\/reviewers, and their risk tolerance may be different from yours.<\/p>\n

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.<\/p>\n

Copyright Altcoin Buzz Pte Ltd.<\/p>\n<\/p><\/div>\n

Read More<\/a>
\n Margarett Wrona<\/p>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump favors exempting small crypto payments from taxes. This news, announced at a press conference, has already sparked excitement in the crypto community. Let\u2019s break it down. Such an incentive to reduce crypto taxes may alter how Americans spend digital assets in daily life. White House Addresses Crypto Policy During a White House<\/p>\n","protected":false},"author":1,"featured_media":884855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,9],"tags":[],"class_list":{"0":"post-884854","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-house","8":"category-white"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/884854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=884854"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/884854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/884855"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=884854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=884854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=884854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}