Is Trump eliminating capital gains taxes on crypto?

Recent speculation on X suggest that President Donald Trump could propose to eliminate taxes on capital gains on cryptocurrency sales.

Rumors circulating online indicate that an ad could come as soon as FridayAlthough no official confirmation has been provided.

Although the potential policy has aroused excitement among crypto investors, legal experts and analysts have stressed an important obstacle – such a tax change would require the approval of the congress.

Adam Cochran, a well -known crypto analyst, directly addressed Affirmations on Twitter, repelling the suggestions that Trump could implement policy unilaterally.

“The president cannot unilaterally modify the tax code. Only Congress can, ”tweeted Cochran. “This is one of the rare powers of Congress expressly presented in the Constitution.”

He continued to make fun of the idea that a decree eliminating taxes on capital gains, comparing him sarcastically to declare a cupcake.

Its argument highlights a fundamental aspect of American governance: tax policy is legislated by the congress, not dictated by the president. Although a president can defend tax changes and influence the regulatory policy, the tax reforms of capital gains would require the approval of the Chamber and the Senate.