Trump Could Gain Major Tax Benefit Through Crypto Bill’s Ethics Provision, Report Says

President Donald Trump could receive a significant tax advantage tied to a bipartisan ethics proposal designed to help advance crypto legislation through Congress, according to a Bloomberg News report cited by Reuters.

Tax Deferral Tied to Divestiture

The benefit reportedly includes the ability to defer capital gains taxes on Trump’s crypto holdings. The still unreleased ethics addendum, currently being negotiated between the White House and lawmakers, includes a provision requiring the president to divest from crypto-related businesses. The White House did not immediately respond to a request for comment. Trump reported more than $1.4 billion in income from his family’s crypto ventures last year.

What the CLARITY Act Aims to Do

The bill seeks to clarify which federal regulators oversee different parts of the crypto industry, a move supporters say could boost broader adoption of digital assets. Key Senate Democrats have conditioned their support on strong ethics language addressing how political figures, including Trump, can profit from personal crypto holdings.

Wider Debate Over the Bill’s Importance

Writing separately for Fortune, Anthony Scaramucci argued the CLARITY Act represents critical legislation for establishing clear rules around crypto, warning that continued delays risk pushing financial innovation and jobs overseas. While a vocal Trump critic, Scaramucci said Democrats were right to push for ethics safeguards, calling the resulting bipartisan provisions a sign lawmaking is working as intended.