Bipartisan Deal to Save Trump Millions in Taxes Could Be Another Obstacle for Crypto Bill

A proposed ethics deal to secure passage of the crypto market structure bill in Congress could create a significant tax benefit for President Donald Trump, Bloomberg reported Thursday.

The bipartisan ethics proposal includes a provision requiring the president to divest from crypto-related businesses. This would reportedly allow Trump to defer capital gains taxes on any required divestitures, potentially leading to tax savings in the millions.

Democratic concerns over Trump's crypto conflicts have been a central obstacle to passing the market-structure bill. Senators have been working on an ethics addendum meant to break that impasse, though the reported tax-deferral benefit could become another point of contention for Democrats.

Trump's annual financial disclosure report for 2025 revealed he saw $1.4 billion in income from crypto-related ventures last year, with the licensing and sale of memecoins such as Official Trump (TRUMP) generating the most income at about $635 million.