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Sources: an addendum to the bipartisan Clarity Act would force President Trump to divest from crypto businesses, letting him defer paying taxes on the gains (Bloomberg)
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A proposed addendum to the bipartisan Clarity Act would require President Trump to divest from his crypto businesses while allowing him to defer taxes on the resulting gains, according to Bloomberg sources.
If enacted, this provision ties the passage of landmark crypto legislation to a presidential conflict-of-interest resolution, meaning the regulatory landscape for crypto businesses could hinge on a political negotiation rather than pure policy merit. Engineers and operators in the crypto space should watch whether the underlying Clarity Act moves forward, as its passage would define compliance and operational requirements for the sector.
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Senators have pitched this ethics addendum to Trump as a way to advance landmark crypto legislation, per Bloomberg sources.
The addendum would force divestment from crypto businesses but permit deferral of taxes on the gains.
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