Trump Defends Crypto Fortune, Says Bitcoin Shouldn’t Be Taxed Like Stocks

BeInCrypto2026/07/02 22:30

By:BeInCrypto

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President Donald Trump renewed his pro-crypto message by questioning whether Bitcoin should be taxed like a traditional investment while defending his financial disclosure, which revealed substantial crypto-related earnings. Speaking to reporters at Joint Base Andrews before departing on Air Force One late July 2 into July 3, Trump also praised the stock market, reaffirmed support for digital assets, and addressed concerns about his business interests. Trump Says Bitcoin Shouldnt Face Capital Gains Tax During the informal press gaggle, Trump argued that Bitcoin has evolved into a form of money and questioned why users should pay capital gains tax on everyday purchases. Using a coffee purchase as an example, Trump said a friend recently pointed out that Bitcoin transactions should not trigger taxes if the asset functions as money, a view he said he agrees with. The remarks echo Trumps campaign-era calls for friendlier crypto regulations and come as his administration continues positioning the United States as a global leader in digital assets. Cryptos a Big Deal, Trump Says Trump doubled down on his support for the industry, calling crypto a big deal and insisting the United States should lead the sector. Anything we do, we want to be number one, Trump said, framing digital assets as a strategic technology race rather than simply an investment trend. His comments reinforce the administrations broader pro-crypto agenda, including support for digital asset innovation and efforts to strengthen Americas position against competing financial hubs. Financial Disclosure Draws Questions Reporters pressed Trump after his latest annual financial disclosure highlighted significant crypto-related income alongside broader investment gains. Trump responded by distancing himself from the day-to-day management of his businesses. My kids run my business. Im not involved, he said, adding that professional managers oversee his investments. He also defended his wealth, saying he has always made money while reiterating that he does not personally manage investment decisions. Fed, Growth, and Markets Remain in Focus Beyond crypto, Trump commented on Federal Reserve Chair Kevin Warsh, saying the Fed board is a little bit hostile while adding that Warsh has to do what he has to do. The president also praised the stock market and expressed confidence that U.S. economic growth could eventually exceed 4%, suggesting it could reach 12% or 13% under the right conditions. Whats Next? Trumps latest remarks reinforce that cryptocurrency remains central to his economic messaging. While no immediate policy changes were announced, his renewed criticism of Bitcoin taxation is likely to fuel debate over digital asset tax reform in Congress. Investors will now watch whether the administration translates its pro-crypto rhetoric into concrete legislation, particularly around capital gains rules and broader regulatory reforms that could influence Bitcoin adoption and market sentiment.

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