Experts believe that the likelihood of eliminating tax on profits from digital currencies in the USA is very low. According to Dennis Porter, CEO of Satoshi Action Fund, the decision to remove taxes on digital currency profits depends on the US Congress and considering the government’s revenue decrease, it is unlikely that this proposal will be approved soon. He suggests that the digital currency industry should focus on achievable actions like small tax exemptions rather than pursuing complete tax elimination. These exemptions can exclude small digital currency transactions like buying coffee or groceries from tax reporting. However, Trump administration’s new policies supporting digital currencies, including the proposal to zero out taxes on US-based projects, have attracted significant attention. Nonetheless, experts emphasize that implementing such policies requires further scrutiny.
