The Trump administration still firmly supports tax exemption for small crypto transactions and plans to promote relevant legislation
According to online reports, White House Press Secretary Karoline Leavitt said that the Trump administration still firmly supports a tax exemption policy for small transactions in cryptocurrency and will continue to promote relevant legislation in the future. Although previous attempts to include the tax exemption clause in the "Big and Beautiful Act" were not passed, the government believes that the policy will help simplify the encryption payment process and encourage daily use.
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