Trump Could Profit from Crypto Bill Divestiture Plan

President Donald Trump could benefit from a significant tax windfall if he accepts a bipartisan ethics proposal to pass landmark crypto legislation in Congress.

The proposal, dubbed the Clarity Act, aims to clarify financial regulators' jurisdiction over the burgeoning crypto sector and potentially boost adoption of digital assets.

Under the plan, Trump would be required to divest from crypto-related businesses, which could trigger a tax benefit by allowing him to defer capital gains levies on his holdings.

In June, Trump reported more than $1.4 billion in income from his family's crypto ventures last year, showing how he now derives most of his income from digital assets that have benefited from his policies.