"The Trump administration supports the small tax exemption for virtual currencies," the spokesperson replied.

## Outlook on the Cryptocurrency Tax Reform Bill

U.S. spokesperson Caroline Leavitt stated on the 17th that President Trump and the current administration support small tax exemptions for cryptocurrencies.

This small exemption measure is aimed at those who wish to easily use virtual currency for purchases such as coffee, and it is explained that the goal is to make virtual currency payments easier and more efficient. It is stated that efforts are being made to establish legal frameworks to realize the small exemption measure in the future.

In the United States, in addition to major rules such as the GENIUS Act and anti-CBDC surveillance state bills, the cryptocurrency tax reform bill is also garnering attention. During a press conference on the 17th, Mr. Libert was asked by a reporter from "Bitcoin Magazine" about President Trump's views on the small tax exemption measure for cryptocurrencies, and he responded as mentioned above.

What is CBDC?

Abbreviated as "Central Bank Digital Currency," it refers to the digitized coins issued by central banks of various countries and regions. The major difference from cryptocurrencies is that CBDC is a legal currency in digital form.

Originally, the small tax exemption measure for virtual coins was expected to be included in the "big and beautiful bill." However, while the bill has already been passed, the addition of this measure has been postponed.

After that, Republican Senator Cynthia Lummis announced on the 3rd of this month that she has reintroduced a comprehensive cryptocurrency tax reform bill. This bill includes tax exemption measures for small transactions under $300 (approximately 44,000 yen) and aims to eliminate double taxation on mining and staking rewards.

In the United States, there have been movements to achieve tax exemption for small payments in virtual currency, but it has not yet been realized.

This time, Mr. Reebit also mentioned major bills such as the passage of the GENIUS Act in Congress. He stated that these regulations are aimed at making the United States a hub for cryptocurrencies, as promised by President Trump.

It is also explained that there are plans to hold a signing event for the GENIUS bill by President Trump.