Trump's Crypto Bill Divestiture Plan May Yield Big Tax Savings

A bipartisan proposal aimed at getting landmark crypto legislation through Congress could have an unexpected benefit for President Donald Trump: significant tax savings.

The ethics addendum to the bill, which is still being negotiated between the White House and lawmakers, includes a provision requiring the president to divest from crypto-related businesses. According to people familiar with the matter, this forced divestiture would allow the president to defer paying federal taxes on his crypto holdings for potentially years, if ever.

This potential tax windfall is tied to the ability to defer capital gains levies on Trump's crypto holdings. The exact details of the proposal are still unclear and have not been publicly released, but the people familiar with the matter emphasize that divestiture would be a requirement for moving forward with the legislation.