Trump's Crypto Holdings Could Get Tax Break from Biden Proposal

The Biden administration has proposed an ethics addendum to the crypto bill that could benefit President Trump by allowing him to defer capital gains taxes on his crypto holdings.

The provision, which is still being negotiated between the White House and lawmakers, would require the president to divest from crypto-related businesses. This move could potentially allow Trump to delay paying federal taxes on those gains for years or even indefinitely.

According to people familiar with the matter, who wish to remain anonymous due to discussing non-public information, forced divestiture is expected to trigger a significant tax benefit for the president.