Trump's Crypto Holdings Complicate Progress on Market Structure Legislation
The CLARITY crypto market structure bill is facing new hurdles as lawmakers discuss an ethics addendum aimed at addressing President Donald Trump's business interests in digital assets.
The proposal, which has not been made public, would require Trump to divest from crypto-related businesses and potentially save him millions of dollars through deferred capital gains taxes on mandated sales.
Democratic lawmakers remain concerned that the tax deferral may not sufficiently separate policymaking from personal financial interests, complicating progress on market structure legislation.
Trump's 2025 financial disclosure shows $1.4 billion in crypto-related income last year, including $635 million in royalties from memecoin licensing and $588 million from token sales via World Liberty Financial.