Trump Could Be Forced to Sell Crypto Holdings Under Bipartisan Proposal

A bipartisan proposal linked to the Clarity Act could force President Donald Trump to sell his cryptocurrency holdings, according to Bloomberg.

The proposal has drawn significant attention because it could also allow the president to defer capital gains taxes associated with the required sale under existing U.S. tax rules that apply in certain government ethics situations.

Lawmakers continue debating ethics provisions intended to ensure that senior government officials do not face potential conflicts of interest involving digital assets.