- Trump’s Crypto Summit may introduce a zero capital gains tax, but legal hurdles remain.
- The event will shape U.S. regulatory policies, impacting the global crypto landscape.
The crypto world is on high alert as Donald Trump is set to host the first ever White House Crypto Summit on March 7, 2025. One of the biggest questions is: will his administration introduce a 0% capital gains tax on crypto? Some think he will; others say that requires congressional approval.
As ETHNews discussed earlier, the summit is expected to clarify the administration’s stance on crypto regulation and taxation and will have big implications for investors and businesses.
Will Trump Eliminate Capital Gains Tax on Crypto?
The idea of a 0% crypto tax gained momentum when Eric Trump said he wanted to eliminate capital gains taxes on digital assets. Supporters argue that it would boost innovation, attract investment, and make the US a global crypto hub. But experts say that’s far from a done deal.
Adam Cochran, founder of Cinneamhain Ventures, dismissed speculation that Trump could change tax laws unilaterally. “Congress has sole authority over tax law, so no way can the President do it without congressional approval,” he wrote on X (formerly Twitter).
Despite those legal hurdles, crypto investors are hopeful. The White House Crypto Summit will bring together top industry figures, including crypto CEOs and investors, to talk about regulatory reforms. Crypto Czar David Sacks and Bo Hines, Executive Director of the President’s Working Group on Digital Assets, will lead the discussions where tax incentives for crypto businesses will be a focus.
White House Crypto Summit: What to Expect
March 7th is seen as a big moment for crypto regulation in the US. According to Fox Business journalist Eleanor Terrett, this is the first in a series of policy meetings to replace the previously proposed crypto-advisory council.
Market analysts think the topics will include regulatory clarity for digital assets, tax incentives for US-based crypto projects, and preferential treatment for American-made tokens. Adding fuel to the fire, investor Mike Alfred said sources indicate Trump will announce a 0% capital gains tax on crypto at the summit. Sumit Gupta, CEO of CoinDCX, said, “0% capital gains tax on crypto in the US? We will have to wait for Friday to confirm, but any reduction in crypto taxes will be a net positive for the global crypto ecosystem.”
However, the administration has not confirmed this. Some analysts say that instead of a blanket tax exemption, the summit might focus on crypto-friendly tax breaks to encourage domestic blockchain development.
Crypto Markets React as Trump’s Policies Take Shape
Beyond taxation, Trump has been a big supporter of the crypto space with the creation of a U.S. Crypto Reserve. On March 2, he announced the reserve would include XRP, Solana (SOL) and Cardano (ADA) to start, with Bitcoin (BTC) and Ethereum (ETH) to be added later.
This move initially sparked optimism, with the total crypto market cap going from $2.7 trillion to $3.1 trillion. But within 24 hours, the market crashed, losing over $500 billion.
Bitcoin went up briefly and then dropped 10% to $83,700, while Ether dropped 15% to $2,082, its lowest since November 2023. Analysts say it’s a broader shift in sentiment driven by trade war tensions and economic uncertainty.
According to The Kobeissi Letter, a financial newsletter, it’s a global risk-off move affecting all speculative markets, including stocks and oil. “All risky assets are retracing sharply, while safe havens like gold are gaining,” it said.
For now, all eyes are on March 7, when Trump’s official stance on crypto taxation and regulation will finally be revealed. Whether or not he pushes for zero crypto taxes, his administration’s approach to digital assets is set to shape the future of the industry in the U.S. and beyond.
