President Donald Trump favors making small crypto payments tax-exempt. This news, announced during a press conference, has already sparked enthusiasm within the crypto community. Let’s break it down.
Such a push to reduce taxes on cryptocurrencies could change the way Americans spend their digital assets in daily life.
White House addresses crypto policy
During a White House press briefing, Bitcoin Magazine White House Correspondent Frank Corva asked about crypto legislation. He wants to know what the administration thinks about it. His investigations targeted two major problems. Cryptocurrency taxation on small transactions and state attitude towards central bank digital currencies.
In turn, the White House confirmed that the president preferred a de minimis tax exemption on cryptocurrencies. This would exempt small crypto transactions, like current small foreign exchange transactions.
🇺🇸 WHITE HOUSE SAYS PRESIDENT Trump SUPPORTS ELIMINATION OF CAPITAL GAINS TAX FOR SMALL #BITCOIN PAYMENTS
YOU ARE NOT HIGH ENOUGH pic.twitter.com/Iq1l0K3wWk
– Vivek Sen (@Vivek4real_) January 9, 2026
Tax exemption on cryptocurrencies
Currently, it is difficult to pay for everyday items with cryptocurrencies. Even buying things with Bitcoin can trigger a taxable event. The White House explained that removing crypto taxes on small payments would make crypto simpler and more convenient to use. The goal is to allow people to spend cryptocurrencies without tracking every small gain or loss.
Officials said the administration was receptive to legislative solutions. These solutions would make crypto payments easier and more efficient for everyday users.
A HUGE victory-
President Donald Trump is reportedly close to removing the tax on Bitcoin and other crypto transactions, according to journalist and technologist Paul Barron.
President Donald Trump would like to remove taxes on Bitcoin and other crypto transactions, according to Paul… pic.twitter.com/G5TcvLKyzK
– @JosetteCaruso Josette Caruso (@JosetteCaruso_) January 12, 2026
No CBDC, clear opposition
The briefing also touched on central bank digital currencies, or CBDCs. The White House has made its position clear. President Trump strongly opposes a US central bank digital currency. He had already signed an executive order banning it in January and supports efforts in Congress to turn the executive order into law.
The current Genius Act does not contain CBDC language, but the administration supports future legislation. This legislation would officially block the issuance of a government-issued digital dollar.
Genius Act and what comes next
The White House has confirmed that the Genius Act has been passed by Congress and will soon be submitted to the President’s desk. The White House plans to hold a signing ceremony soon. Officials said the legislation was part of a larger plan. It aims to make the United States the crypto capital of the world, a promise Trump made during his campaign.
🐦 This week is crucial for crypto
🔵 SEC Chairman Paul Atkins said the United States is on the verge of major changes in crypto regulation.
What matters?
🔴 Congress passed the Genius Act – the first cryptocurrency law in US history.
The law lays the foundations for… pic.twitter.com/4gJYlXh0l9
– Discover (@0x_Discover) January 13, 2026
Conclusion
The White House’s confirmation of Trump’s support for removing crypto taxes on small payments is an important moment for the industry. If passed, fewer taxes on cryptocurrencies could enable true adoption.
Disclaimer
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