Proposed CLARITY ethics deal could save Trump millions in taxes: Bloomberg
Summary
A bipartisan ethics addendum meant to help pass the US crypto market structure bill could also give Donald Trump a major tax advantage. The proposal would require Trump to divest from crypto-related businesses, but reportedly let him defer capital gains taxes on those divestitures, potentially saving millions. Democrats have already raised conflict-of-interest concerns over Trump’s crypto ties, and this tax break could become a new sticking point in negotiations. Trump’s 2025 financial disclosure showed $1.4 billion in crypto-related income last year, driven mainly by memecoin licensing and sales and by World Liberty Financial’s token sales.
