President Trump's Support for Crypto Tax Exemption Explained

crypto, Genius Act, de minimis exemption, Bitcoin, legislation
Transcript
Well, the president did signal his support for a de minimis exemption for crypto, and the administration continues to be in support of that. We are definitely receptive to it to make crypto payments easier and more efficient for those who seek to use crypto as a Simple as buying a cup of coffee. Of course, right now, that cannot happen, but with the de minimis exemption, perhaps it could in the future, and we will continue to explore legislative solutions to accomplish that. As for the central bank digital currency and the Genius Act, which you noted has passed through Congress and will be sent to the president's desk, I believe the House is voting on it. If they haven't, they should be passing it. We know we have the votes, and we expect it to get to the president's desk, and we are planning a signing ceremony tomorrow afternoon. All of you will get more details on that.