Trump's Crypto Legislation Proposal Could Save Him Millions in Taxes

A bipartisan ethics proposal being considered for US President Donald Trump's crypto legislation could grant him significant tax benefits, according to sources.

The plan would require Trump to divest from crypto-related businesses, allowing him to defer paying federal taxes on his gains potentially for years, if ever. This could result in millions of dollars in tax savings for the president, who earned $1.4 billion from crypto and memecoin ventures in 2025.

The proposal, hashed out by Republican Senator Thom Tillis and Democratic Senator Ruben Gallego, would impose a new requirement on Trump, who isn't currently required to sell his assets while serving in public office. Unlike his top cabinet officials, including Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, who have already taken advantage of a special tax provision allowing senior officials to avoid paying capital gains tax on divestments.