BREAKING NEWS: Flash Statements About Cryptocurrencies Came from the White House! "Open Support for Legal Regulations"

2025-07-17 10:28:48

The White House spokesperson announced that President Donald Trump has openly supported new legal regulations aimed at promoting the use of cryptocurrency.

The spokesperson stated that they want to make cryptocurrency payments easier and more common in daily life, saying, “We want to enable simple transactions like buying a coffee with cryptocurrency.”

The White House said it supports a tax exemption of up to 600 dollars for cryptocurrency spending. The spokesperson stated that this regulation is backed by President Trump and is part of the goal to “make cryptocurrency payments more efficient.”

A spokesperson stated that there is enough support for the bill titled “GENIUS Act,” which includes regulations on the taxation of cryptocurrencies and digital payments, to pass through Congress, and announced that President Trump is scheduled to sign this bill on Friday. It is also expected that the President will sign other laws related to encryption technologies at this event.

In statements made from the White House, it was noted that the trade negotiations with the European Union are progressing in a “promising” manner, while the assessment for the planned agreement with Canada was “We will wait and see.”

The newspaper reported that if Russia does not reach an agreement within 50 days, it will face high customs duties, and during this process, secondary sanctions will be imposed on those purchasing Russian oil.

GEL15.31%

ME0.23%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.