Trump Proposes Crypto Tax Cuts, Targets U.S.-Made Tokens for Tax Exemption
The 2024 election has placed cryptocurrencies at the heart of political discussions. Donald Trump, widely supported within the crypto community, has introduced a tax proposal that could further strengthen his appeal among crypto advocates.
In a recent interview, he advocated for eliminating capital gains taxes on crypto transactions.
“They have them paying tax on crypto, and I don’t think that’s right,” Trump said. “Bitcoin is money, and you have to pay capital gains tax if you use it to buy a coffee? I was talking with a friend. He said, ‘It really shouldn’t be taxed,’ and I agree. Maybe we get rid of taxes on crypto and replace it with tariffs.”
This proposal directly addresses a common frustration among crypto…
