Proposed CLARITY ethics deal could save Trump millions in taxes: Bloomberg
The latest bipartisan ethics proposal would reportedly require Trump to divest crypto businesses while allowing him to defer capital gains taxes on those sales.
A proposed bipartisan ethics deal involving former President Donald Trump could potentially save him millions in taxes, according to Bloomberg. The ethics addendum, which remains undisclosed, calls for the president to divest from crypto-related businesses while permitting him to defer capital gains taxes on any associated sales, a move that could yield significant tax savings.
The proposal aims to address Democratic concerns about Trump's crypto conflicts, which have hindered the passage of the CLARITY Act, a market-structure bill in Congress. The White House has yet to comment on the matter, but the financial disclosure report for 2025 indicates that Trump earned $1.4 billion from crypto-related ventures last year, primarily from licensing and selling memecoins and token sales through the Trump family's DeFi platform.
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