White House Press Secretary: Trump Supports Cryptocurrency "Lowest Possible Tax" Policy, Will Push for Legislation

BlockBeats News, July 18th, according to Cointelegraph's report, White House Press Secretary Levy stated that President Trump has confirmed his support for Bitcoin and cryptocurrency's "de minimis exemption" policy, and indicated that he will continue to pursue legislative avenues to achieve this goal.

Note: De Minimis Exemption refers to the exemption from taxation when the amount or earnings of a particular transaction are very small (below a set "de minimis" threshold).

Source

Correction/Report

RelatedRecommended

《The New York Times》: Behind the White House Meeting: How Much Crypto Drama?

Founder of Silicon Valley's top venture capital firm A16Z: Why we turned to support Trump

Marc and Ben tried to meet with Biden but were rejected, and their recent meeting with Trump gave them a deeper understanding of his personality. In the current policy environment, Trump is more suitable than Biden to promote the development of technology and start-ups.

Grayscale Research: Potential Impact of the US Election on Cryptocurrency

Regardless of which party is in power, comprehensive bipartisan legislation may be the best solution for the U.S. crypto industry in the long term.

Arthur Hayes: Don’t donate to political campaigns. What we need is simple but profound crypto legislation

Revisiting Trump's Bitcoin Promise: Fire SEC Chairman, Never Sell Your Bitcoin

Has the SEC chairman started packing his bags?

On-Chain Activity