Senators Weigh Crypto Tax Deferral for U.S. President Donald Trump in Clarity Act Talks

Bipartisan senators are discussing an ethics proposal for U.S. President Donald Trump that could include a provision allowing him to defer capital gains taxes on his crypto assets as part of efforts to advance the Clarity Act, Bloomberg reported. According to ChainCatcher, the proposal also calls for the president to divest crypto-related business interests, and the terms are still being negotiated between the White House and lawmakers.In June 2025, Trump reported more than $1.4 billion in income from his family crypto businesses, underscoring that much of his earnings have come from digital assets that benefit from his own policies. Democrats are seeking stronger ethics provisions as a condition for supporting the bill, which is intended to clarify regulators' jurisdiction over the crypto industry.