Is President Trump going to slash Crypto Tax by 100% in US?

Could crypto investors successful the U.S. soon beryllium escaped from taxes? That’s the large question floating astir aft Commerce Secretary Howard Lutnick announced that President Donald Trump is considering eliminating national taxes for individuals earning nether $150,000 annually. 

While this proposal is aimed astatine giving middle-class Americans fiscal relief, the crypto assemblage is present wondering if President Trump volition bash the aforesaid for integer assets?

Speculation has been moving chaotic for weeks. Before the caller crypto summit, determination were beardown rumors that Trump mightiness denote thing large for the industry, perchance adjacent removing taxes connected crypto gains. But the lawsuit came and went without immoderate groundbreaking updates. With taxation cuts present a blistery taxable successful the administration, the crypto assemblage is erstwhile again hopeful.

If Trump decides to destruct taxes connected crypto, it could beryllium a monolithic turning point. More investors mightiness leap in, mainstream adoption could velocity up, and the U.S. could fortify its presumption arsenic a planetary person successful integer assets. Given Trump’s past comments supporting crypto, it wouldn’t beryllium shocking if helium made a determination to triumph implicit the pro-crypto community.

Of course, thing is acceptable successful stone. But with taxation policies nether discussion, crypto enthusiasts are keeping a adjacent watch. Will zero crypto taxes really happen?

Also Read: Trump Set to Sign Order Ending Crypto Banking Restrictions