Trump's Crypto Bill Divestiture Plan Could Net Him Big Tax Windfall

U.S. President Donald Trump is poised to benefit financially from a bipartisan proposal aimed at getting landmark cryptocurrency legislation through Congress.

The proposed ethics addendum to the crypto bill, which has yet to be released publicly and is still being negotiated between the White House and lawmakers, includes a provision requiring the president to divest from crypto-related businesses.

This could trigger a significant tax benefit for Trump, as he would be able to defer capital gains levies on his crypto holdings, according to Bloomberg News. The report cites people familiar with the matter.