The Trump Administration & CRYPTO TAXES
Contrary to the "Zero Tax" rumors on social media, you still owe taxes on your 2025 gains. However, the Trump administration has launched several initiatives aimed at reducing the burden on American investors.
While crypto is not yet tax-free, there are massive legislative moves and new IRS rules that every trader on Binance needs to know.
There is active legislative pressure like Small Transaction Exemption to exempt crypto transactions under $300 from capital gains tax (up to a $5,000 annual cap). This is designed to turn crypto into a real currency for buying coffee and gas without the "tax headache" of reporting every tiny gain. ☕⚡
💡 Strategy for Traders
If you are betting on the "One Big Beautiful Bill Act" to pass this year, holding your assets for the Long-Term (1 Year+) is your best move. The administration has signaled that any potential tax cuts will likely favor long-term "HODLers" and U.S.-based assets over high-frequency degen trading.
#CryptoTax #ETHUSDT