CoinVoice has recently learned that, according to The Block, the Trump administration supports implementing a minimal tax exemption policy for small cryptocurrency transactions. Although this provision was not included in the recently signed 'Great American Outdoors Act', White House Press Secretary Levitt stated that the government will still push for relevant legislation to lower the tax threshold for users when using cryptocurrencies in everyday payments.

In addition, the Trump team also plans to promote the signing of the 'GENIUS Act' to improve the regulatory framework for stablecoins and aims to make the United States the 'global crypto capital'. Currently, the IRS still requires all cryptocurrency transactions to be reported accurately. Once the exemption policy is implemented, it is expected to greatly simplify compliance processes and enhance mainstream user adoption rates. [Original link]