TechFlow, July 18 — According to The Block, White House Press Secretary Karoline Leavitt stated on July 17 that the Trump administration will continue supporting a "de minimis exemption" policy for cryptocurrency transactions to make crypto payments more convenient and efficient. Such an exemption would relieve users from tax reporting obligations for small daily purchases (e.g., "buying a cup of coffee"). Although the related amendment failed to pass in the "One Big Beautiful Bill Act" signed on July 4, the government plans to explore new legislative solutions. Leavitt also revealed that the Trump administration intends to host a signing ceremony for the upcoming stablecoin "GENIUS Act" in Congress, aiming to establish the United States as the "crypto capital of the world."
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