Trump's Tax Savings at Stake in New CLARITY Act Proposal

WHO:

Cointelegraph - Trump is the individual involved in the proposed CLARITY ethics deal.

Techmeme - The proposal is pitched to President Trump by bipartisan senators.

WHAT:

Cointelegraph - The CLARITY Act proposal would require Trump to divest from crypto businesses.

Techmeme - The addendum to the bipartisan Clarity Act would allow Trump to defer capital gains taxes on the sales of those crypto businesses.

WHY:

Cointelegraph - The proposal aims to get landmark crypto legislation over the line.

HOW:

Techmeme - The mechanism involves forcing Trump to divest from his crypto businesses while providing a tax deferral on the gains from those sales.

(UPDATED August 7, 2026 07:05 UTC)

Bipartisan senators have pitched a proposal known as the CLARITY Act to Trump, which would require him to divest from his crypto businesses. This proposal includes an addendum that allows Trump to defer capital gains taxes on the sales of those businesses, aiming to push landmark crypto legislation forward. The mechanism is designed to facilitate this divestment while providing a tax benefit for the sales involved.