Trump supports tax exemption for small cryptocurrencies, GENIUS Act is expected to be implemented this week
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最新报道：According to the news from Bijie.com, on July 18 (UTC+8), a White House spokesperson said that Trump supports the establishment of a $600 minimum tax exemption (de minimis exemption) for cryptocurrency transactions to "simplify crypto payments and make them as convenient as buying coffee", and said that the government will continue to explore legislative ways to implement the measure. In addition, Trump opposes central bank digital currencies (CBDCs) and has previously signed an executive order banning key forms of CBDCs and including them in budget legislation. The White House expects that bills such as the GENIUS Act will be delivered to the president's desk this week, and a signing ceremony will be held as early as the next afternoon.
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