Bloomberg: Trump Could Reap Millions in Tax Savings Through CLARITY Act Ethics Agreement
The most recent cross-party ethics agreement would purportedly mandate that Trump sell off his crypto holdings while permitting him to postpone capital gains tax obligations on such transactions.
According to Bloomberg's Thursday report, a cross-party ethics agreement presented to US President Donald Trump aimed at securing congressional approval for the cryptocurrency market structure legislation could generate substantial tax advantages for the commander-in-chief.
The ethics amendment, which remains undisclosed to the public, contains a clause mandating that the president sell his stakes in cryptocurrency-related enterprises, according to sources with knowledge of the discussions. The agreement would purportedly enable Trump to postpone capital gains tax obligations on any mandated asset sales, which could potentially result in tax reductions amounting to millions of dollars.
Democratic lawmakers' apprehensions regarding Trump's cryptocurrency-related conflicts of interest have served as a primary barrier to advancing the market-structure legislation. Congressional senators have been developing an ethics amendment designed to resolve this standoff, although the reported tax-postponement advantage may emerge as an additional source of controversy for Democratic representatives questioning whether the president's economic interests are authentically restricted.
Cointelegraph contacted the White House seeking a statement but had not obtained an immediate reply.
The US president's annual financial disclosure document for 2025, made public at the conclusion of June, showed that Trump received $1.4 billion in revenue from cryptocurrency-associated enterprises throughout the previous year.
Based on the 927-page disclosure filing, the licensing and distribution of memecoins including Official Trump (TRUMP) produced the largest revenue stream for Trump, with approximately $635 million derived from "royalties" under a "license agreement with Celebration Coins."
In addition, the Trump family's decentralized finance platform, World Liberty Financial, ranked as the second-largest revenue generator, producing approximately $588 million from "proceeds from token sales."
The disclosure filing additionally showed that Trump collected $197 from the transaction of an equity stake in a stablecoin enterprise.
At the same time, disclosure documents on World Liberty's official website indicate that DT Marks DEFI LLC, a business entity associated with Trump and specific family members, holds "approximately 38% of the equity interests" in World Liberty's parent organization.