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A bipartisan ethics proposal circulating in Washington would require President Donald Trump to divest his crypto business interests, and would let him defer capital gains taxes on those sales, Bloomberg reports.
The deal, tied to the CLARITY framework, could save Trump millions in taxes, the outlet says. The next test is whether a formal legislative vehicle or a signed ethics agreement materializes to put that deferral on paper.
What the proposal structures The Bloomberg report describes a two-part arrangement: a mandatory divestiture of Trump's crypto holdings or business stakes, followed by deferred tax treatment on the gains those sales would trigger.
Deferral, in this context, means the tax liability does not disappear. Bloomberg does not specify which holdings are in scope, what valuations would apply, or which entity would administer the deferral.
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