video Shared by X President Donald Trump claims to be signing an executive order to eliminate capital gains taxes on cryptocurrencies.
🚨 #breaking news: President Trump just signed an executive order eliminating all capital gains taxes on US-based cryptocurrencies.
This is huge.
— Fez (@FezWeb3) January 21, 2025
Verdict: False
It depicts President Trump signing an executive order regarding cartels. He has not signed an executive order eliminating capital gains taxes on cryptocurrencies.
Fact check:
According to reports, President Trump signed several executive orders on his first day in office, including an order revoking some of former President Biden's executive orders. Associated Press.
Social media users claim that President Trump has signed an executive order eliminating capital gains tax on cryptocurrencies. One user wrote:#breaking news: President Trump just signed an executive order eliminating all capital gains taxes on US-based cryptocurrencies. This is a very big deal. ”
This claim is false. The original video shows President Trump signing an executive order designating Mexican foreign cartels as terrorist organizations.
🚨 President Trump signs executive order designating cartels as foreign terrorist organizations pic.twitter.com/TZhPywQIbq
— Trump War Room (@TrumpWarRoom) January 21, 2025
“President Trump has signed an executive order designating cartels as foreign terrorist organizations,” the tweet read. (Related: Pope Francis said Jesus was born during a census by King David?)
Check Your Fact reviewed the list of actions to take taken By Trump. None of them mention encryption. bloomberg reported Trump ignored cryptocurrencies on his first day in office.
