White House Press Secretary Karoline Leavitt confirmed Thursday that the Trump administration remains committed to advancing de minimis tax exemptions for cryptocurrency transactions as part of future legislative efforts.
“The president has expressed clear support for a de minimis exemption in crypto, and this administration continues to stand by that position,” Leavitt told reporters during a briefing. “Our goal is to make everyday crypto payments easier and more practical — whether that’s buying a cup of coffee or other small purchases. At the moment, that’s not possible, but with the right exemptions, it could become a reality. We are actively exploring legislative pathways to make that happen.”
Leavitt also revealed plans for a signing ceremony for the GENIUS Act, a stablecoin-focused bill widely expected to gain congressional approval. The act aims to bolster the United States’ role as a global leader in digital assets, positioning America as “the crypto capital of the world.”
Efforts to introduce tax relief for minor crypto transactions have been ongoing for years. Currently, IRS rules require individuals to report all cryptocurrency transactions, regardless of size or gain. A de minimis exemption would eliminate the need to report everyday purchases as taxable events, significantly reducing friction for crypto adoption.
Previous attempts to pass similar measures have fallen short. In 2020, Democratic lawmakers introduced the Virtual Currency Tax Fairness Act, proposing exemptions for gains under $200. A similar bill resurfaced in 2022 but never reached a floor vote.
In 2025, pro-crypto advocate Sen. Cynthia Lummis (R-WY) sought to include an exemption for gains below $300 within the One Big Beautiful Bill Act, an expansive package covering tariffs, taxes, and social programs. Despite strong support, the amendment did not make the final version signed into law by President Trump on July 4, according to reports by The Block.
With renewed focus on legislative innovation and the upcoming GENIUS Act, the administration signals a clear message: reducing regulatory hurdles for small crypto transactions remains a top priority in shaping the future of digital finance in the U.S.
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