#TrumpTaxCuts

As of now (April 2025), Donald Trump, during his 2024 presidential campaign and early presidency, has expressed support for lowering taxes on crypto trading. He positioned himself as "pro-crypto" to appeal to digital asset investors.

In fact, Trump has proposed:

Reducing capital gains taxes, including on crypto profits.

Eliminating taxes on small crypto transactions (like under $200) to encourage everyday crypto use.

Opposing CBDCs (central bank digital currencies), arguing they could harm private crypto markets like Bitcoin.

However, no specific federal law has passed yet that significantly changes crypto tax rules. Traders in the U.S. are still generally required to:

Report crypto trades as taxable events (capital gains or losses).

Pay taxes based on how long they hold the asset (short-term vs. long-term rates).

In short: Trump talks about cutting taxes on crypto trading, but as of now, traders still follow the regular IRS crypto rules. Many in the crypto community are watching closely to see if he pushes actual legislation this year.