$Bitcoin (BTC.CC)$ *White House Confirms Trump Plan to Elimi...

$Bitcoin (BTC.CC)$ *White House Confirms Trump Plan to Eliminate Taxes on Bitcoin Transactions*

The White House confirmed today that President Donald Trump is planning to eliminate taxes on Bitcoin transactions, a move that would mark a major shift in U.S. policy toward cryptocurrency. The proposal is aimed at removing capital gains taxes on everyday crypto payments, which currently require users to report gains or losses even for small purchases.

Administration officials say the change is intended to make Bitcoin and other digital assets easier to use as a form of payment, rather than treating them solely as speculative investments. Under current IRS rules, using Bitcoin to buy goods or services can trigger a taxable event, a requirement critics argue has slowed mainstream adoption.

While the plan would not eliminate all crypto-related taxes, it would likely create an exemption for small, routine transactions. Any change would still need congressional approval, but the announcement has already energized the crypto industry, which views the proposal as one of the most pro-crypto policy signals yet from the White House.