Former President Trump is going all-in on crypto tax cuts. In a move that’s raising eyebrows across Wall Street and Silicon Valley, Trump’s pushing hard to slash – or completely eliminate – taxes on cryptocurrency gains. Yeah, you read that right.
On January 23, 2025, Trump dropped an executive order that basically screamed “make America crypto again,” positioning the US to become what he calls the “crypto capital of the world.” Not subtle. By April, he’d already signed H.J. Res. 25, giving decentralized exchanges a major tax break. Classic Trump move – go big or go home.
Trump’s latest crypto push aims to make America the global blockchain leader, starting with major tax breaks for decentralized exchanges.
The proposal’s details are about as clear as blockchain technology to your grandmother. It’s targeting US-based cryptocurrencies like XRP and ADA, but nobody’s quite sure if we’re talking short-term gains, long-term gains, or both. Eric Trump jumped into the mix, suggesting American-made tokens would get special treatment. Because of course they would. The market capitalization of these tokens could significantly impact their stability and adoption rates.
Here’s the reality check: As of July 2025, crypto gains are still very much taxable in the US. Trump’s grand vision needs Congress to play along, and that’s no small feat. His newly appointed “Crypto and AI Czar” David Sacks is leading the charge, but the regulatory road ahead looks about as smooth as a potholed highway. The President’s Working Group has 180 days to propose a comprehensive federal framework. The IRS is particularly concerned about the loss of tax revenue if the proposal passes.
Looking around the globe, no major economy has completely ditched crypto taxes. Even crypto-friendly spots like Singapore and the UAE still have some rules. The US currently slaps anywhere from 0% to 20% on crypto gains, depending on how much you make and how long you’ve held your digital coins.
Trump’s wrapping this whole thing in his signature “America First” bow, pitching it as a job creator and innovation booster. It’s a calculated play for the tech-savvy crowd and younger voters who’ve got crypto wallets instead of stock portfolios.
Whether it’ll work? Well, that’s another story entirely. But one thing’s clear – Trump’s betting big on blockchain, and he’s not being quiet about it.
