Trump Administration Is Looking Into a De Minimis Tax Exemption for Bitcoin Transactions Under $600

Trump administration is looking into a de minimis tax exemption for Bitcoin transactions under $600

The post Trump administration is looking into a de minimis tax exemption for Bitcoin transactions under $600 appeared on BitcoinEthereumNews.com. White House Press Secretary Karoline Leavitt said the Trump administration is looking into a de minimis tax exemption for Bitcoin transactions under $600. This is to make it easier for Americans to use Bitcoin and other cryptos on a day-to-day basis. Karoline Leavitt revealed that President Trump has a…

Fidelity Urges Congress to Fix Bitcoin and Crypto Tax Rules as Lawmakers Push New Regulations

Fidelity's Sarah Reilly told lawmakers during a congressional hearing today that the crypto industry urgently needs tax rules that are clear and easy to follow.

Lummis Proposes $300 De Minimis Crypto Tax Exemption, Caps Gains at $5K

US Senator Cynthia Lummis has introduced a standalone bill that would allow a $300 tax exemption on crypto transactions. The bill aims to ease reporting burdens for everyday users and businesses. The bill also proposes capping eligible capital gains at $5,000 per year. This means crypto holders will have a chance to use their crypto […]