{
  "id": 251438,
  "title": "Sources: an addendum to the bipartisan Clarity Act would force President Trump to divest from crypto businesses, letting him defer paying taxes on the gains (Bloomberg)",
  "url": "https://urgent.news/2026/08/07/sources-an-addendum-to-the-bipartisan-clarity-act-would-force",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-07T04:50:01.000Z",
  "source": {
    "name": "Techmeme",
    "slug": "techmeme",
    "url": "https://www.bloomberg.com/news/articles/2026-08-06/trump-could-net-big-tax-windfall-in-crypto-bill-divestiture-plan"
  },
  "original_language": "en",
  "account": null,
  "summary": "The US Senate will not vote on the Clarity Act this month. According to Cointelegraph, Senator Tim Scott, who chairs the Senate Banking Committee, had said that the Senate would vote on the Digital Asset Market Clarity (CLARITY) Act before it broke for an August recess. However, this did not happen.\n\nBloomberg reports that sources say an addendum to the bipartisan Clarity Act would force President Trump to divest from crypto businesses, allowing him to defer paying taxes on the gains.\n\nThe Clarity Act's prospects for becoming law this year have been dimmed, as per CoinDesk. The bill requires support from 60 lawmakers to pass the Senate and advance in Congress.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Cointelegraph",
        "title": "US Senate will vote on CLARITY crypto bill ‘without any question’ this week: Tim Scott",
        "url": "https://urgent.news/2026/08/06/us-senate-will-vote-on-clarity-crypto-bill-without-any-question-this",
        "published": "2026-08-06T16:53:45.000Z"
      },
      {
        "outlet": "CoinDesk",
        "title": "After a Clarity Act funeral, the crypto world would keep turning",
        "url": "https://urgent.news/2026/08/07/after-a-clarity-act-funeral-the-crypto-world-would-keep-turning",
        "published": "2026-08-07T12:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}