Official records and announcements from the US Congress

Trump Proposes Zero Tax on Bitcoin and US-Made Crypto Transactions

Oct 30, 2024, 04:12 PM

Former President Donald Trump has publicly endorsed the removal of capital gains tax on Bitcoin when used as a form of payment. In a recent statement, Trump questioned why Bitcoin, which he referred to as money, should be subjected to capital gains tax for everyday transactions such as buying a coffee. He mentioned that a friend suggested Bitcoin should not be taxed, and he agreed with this sentiment. Trump also proposed zero tax on US-made crypto assets like Bitcoin. His remarks have sparked discussions about the future of cryptocurrency taxation in the United States.