Crypto Rover: The White House confirms Trump's support for eliminating taxes on Bitcoin and cryptocurrency transactions
Crypto Rover revealed that the White House confirmed U.S. President Donald Trump's support for the proposal to eliminate taxes on Bitcoin and cryptocurrency transactions in the United States.
A number of crypto community pioneers have launched an initiative aimed at easing the tax burden on the use of cryptocurrencies, not to eliminate taxes entirely, but to address the restrictions that make the daily use of cryptocurrencies impractical at this time.
The plan revolves around a limited tax exemption, first proposed in July 2025, aimed at allowing small transactions in cryptocurrencies without the need to report capital gains.
This measure would remove the burden of tracking tax gains resulting from everyday uses, such as buying coffee, paying subscriptions, or obtaining digital services using cryptocurrencies.
👈Why is this a positive indicator?
Tax complexities are among the biggest barriers to the widespread adoption of digital currencies in everyday life, and alleviating them could contribute to:
📌Encourage the use of Bitcoin and other currencies in daily transactions
📌Increase activity on blockchain networks
📌Improve merchant adoption rates of cryptocurrencies
📌Reduce the complexity of tax compliance for users
Markets interpret this move as a strong signal of a shift in U.S. policy from strict oversight and regulation to a more supportive stance for the adoption of cryptocurrencies and their broader use.
