The Trump administration still firmly supports tax exemption for small encryption transactions and plans to promote relevant legislation.

Golden Finance reports that White House Press Secretary Karoline Leavitt stated that the Trump administration remains firmly supportive of implementing a tax exemption policy for microtransactions involving Crypto Assets, and will continue to promote related legislation in the future. Although previous attempts to include this tax exemption clause in the “Big and Beautiful Act” were unsuccessful, the government believes that this policy helps to simplify the encryption payment process and encourages everyday use.