Is President Trump Going to Slash Crypto Tax by 100% in the US?
Could crypto investors in the U.S. soon be free from taxes? That’s the big question floating around after Commerce Secretary Howard Lutnick announced that President Donald Trump is considering eliminating federal taxes for individuals earning under $150,000 annually.
While this proposal is aimed at giving middle-class Americans financial relief, the crypto community is now wondering if President Trump will do the same for digital assets.
Speculation has been running wild for weeks. Before the recent crypto summit, there were strong rumors that Trump might announce something big for the industry, possibly even removing taxes on crypto gains. But the event came and went without any groundbreaking updates. With tax cuts now a hot topic in the administration, the crypto community is once again hopeful.
If Trump decides to eliminate taxes on crypto, it could be a massive turning point. More investors might jump in, mainstream adoption could speed up, and the U.S. could strengthen its position as a global leader in digital assets. Given Trump’s past comments supporting crypto, it wouldn’t be shocking if he made a move to win over the pro-crypto community.
Of course, nothing is set in stone. But with tax policies under discussion, crypto enthusiasts are keeping a close watch. Will zero crypto taxes actually happen?
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Thailand seizes 63 illegal crypto mining rigs that stole over $327k in electricity
Crypto Sniper Incurs $465K in Losses on $XZY Token within 1 Hour
Expert Says Holding Just 1,000 XRP Could Be the Best Financial Decision of Your Lifetime
Chinese Analyst Assesses Ethereum’s Status, Says “Whales Have Run Out of Purchasing Power” – Here’s What He Expects
Chinese cryptocurrency analyst phenomenon Murphy evaluated the latest status of Ethereum in his statement. Here are the details.
Trending news
MoreCrypto prices
More








