News View Non-AMP

White House Crypto Summit 2025: Will Trump Eliminate Crypto Taxes?

Published by
Qadir AK

President Donald Trump is set to host a White House Crypto Summit this Friday, aiming to position the U.S. as a global leader in digital assets. With major tax reforms and government-backed crypto initiatives on the table, the event could be a game-changer for the industry.

But not everyone is convinced. Trump’s tariff policies have triggered retaliation from China, wiping millions from the market. Investors are on edge, hoping for strong action to help crypto assets recover.

Here’s what to expect from this key summit.

Tax-Free Crypto? Investors Are Watching Closely

One of the biggest expectations from the summit is a potential tax break on crypto sales. Investor Mike Alfred suggests that Trump’s administration is considering eliminating capital gains taxes on crypto transactions, a move that could encourage more trading and long-term investment.

Crypto analyst Ran Neuner believes the plan could also include incentives for blockchain developers, bringing more crypto projects back to the U.S. If Trump follows through, the market could see an influx of institutional capital, boosting confidence among retail investors.

Not everyone agrees. Investor Joe Lonsdale argues that taxes should be minimal, calling them “a form of theft.” He opposes using tax money for political or crypto-related projects, insisting that only essential services like defense and courts should be funded.

The Crypto Reserve Controversy

Another hot topic is Trump’s push for a US-backed crypto reserve, which allegedly includes tokens like XRP, ADA, and SOL. While some see this as a step toward legitimizing crypto, others question why taxpayer money should be used to invest in speculative assets. Critics argue that Trump might be using this as leverage to push for a Bitcoin-focused reserve instead. Crypto influencer Udi Wertheimer suggests Trump is playing a negotiation game—putting XRP and ADA on the table to force Congress into backing a Bitcoin reserve.

Who’s in the Room?

So far, there’s no confirmation on the guest list, but Trump’s key crypto advisors—David Sacks and Bo Hines—are expected to attend. Industry leaders could also make an appearance, which may hint at potential partnerships or government support for specific crypto projects.

Market Impact

If Trump follows through with tax incentives and crypto-friendly policies, it could fuel a massive rally in the market. But if investors see the crypto reserve plan as unrealistic or politically motivated, it might trigger a negative reaction. 

Either way, this summit will set the tone for how the US government approaches crypto moving forward.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Coinbase Inks Strategic Partnership With PayPal to Enable Mainstream Adoption of PYUSD Stablecoin

The PayPal USD (PYUSD) stablecoin is fast approaching the $1 billion market cap milestone. The…

April 24, 2025

Cardano (ADA) Enters a Decisive Phase:  Will a Golden Cross Trigger a Move Above $1?

The crypto market is in a pivotal phase, marked by trend reversals, mixed short-term performance…

April 24, 2025

MultiBank (MBG) Token Analysis: A Standout Opportunity in the CEX Token Landscape

After examining the major centralized exchange tokens like BNB, OKB, CRO, and others, MultiBank's MBG…

April 24, 2025

Should You Be Bullish on POL (Prev. MATIC) Price? Will It Ever Reach $1?

The crypto market is witnessing some cautious declines today, with the total market capitalization dropping…

April 24, 2025

CME Group to Launch XRP Futures in May; Here’s What to Expect from the XRP Price Rally

Compared to the other cryptos, XRP has been displaying enormous strength as the bulls have…

April 24, 2025

CME Group to Launch XRP Futures on May 19

CME Group has announced plans to launch XRP futures on May 19, pending regulatory approval.…

April 24, 2025