Trump: Bitcoin for Coffee, Capital Gains for Thee 🧾

President Donald Trump renewed his push for friendlier crypto policy late July 2 into July 3, questioning why $BTC transactions should trigger capital gains tax while defending his latest financial disclosure that lists substantial crypto-related income. Speaking to reporters at Joint Base Andrews before boarding Air Force One, Trump argued that Bitcoin has become a form of money and that users should not face investment-style taxes on routine purchases, using coffee as his example. "A friend of mine said, 'Well, if it's money, why are you paying tax on it?' I agree with him," Trump said, echoing campaign-era calls for lighter crypto regulation.

Trump framed digital assets as a strategic priority, calling crypto "a big deal" and insisting the United States should dominate the sector. "Anything we do, we want to be number one," he said, positioning digital asset policy as part of a broader technology competition with rival financial hubs. The comments align with the administration's stated goal of making the United States a global leader in digital assets.

Reporters pressed Trump on the financial disclosure, which documented significant crypto earnings alongside other investment gains. Trump responded, "My kids run my business. I'm not involved," adding that professional managers oversee his portfolio and that he has "always made money" from his investments. He did not specify which crypto assets produced the reported income.

Beyond digital assets, Trump weighed in on the Federal Reserve, saying the board is "a little bit hostile" toward Chair Kevin Warsh while adding that Warsh "has to do what he has to do." He also praised the stock market and said U.S. economic growth could one day surpass 4%, suggesting it could climb to 12% or 13% under the right conditions.

The administration has not announced immediate policy changes, but Trump's renewed criticism of taxing $BTC transactions is likely to renew debate over digital asset tax treatment in Congress. Lawmakers and regulators will be watched for any movement on capital gains rules or broader digital asset legislation in the coming months.