Written by Felix Ngstaff editorReviewed by Yohan Yunstaff editor

Written by Felix Ngstaff editor

Reviewed by Yohan Yunstaff editor

Proposed CLARITY ethics deal could save Trump millions in taxes: Bloomberg

Latest NewsPublishedAug 7, 2026

A Bipartisan Ethics Proposal Could Save Trump Millions in Taxes

The latest bipartisan ethics proposal could create a significant tax benefit for President Trump, allowing him to defer capital gains taxes on the sale of his crypto businesses. This proposal requires Trump to divest from crypto-related businesses, which could lead to tax savings in the millions. The ethics addendum aims to address Democratic concerns over Trump’s crypto conflicts, a central obstacle to passing the market-structure bill. The proposal’s reported tax-deferral benefit may raise questions about whether the president’s financial interests are genuinely curbed. The bill’s passage could have implications for the #cryptomarket.

Trump’s Crypto Income

Trump’s annual financial disclosure report for 2025 revealed that he saw $1.4 billion in income from crypto-related ventures last year. The licensing and sale of memecoins, such as Official Trump (TRUMP), generated the most income for Trump, with about $635 million coming from royalties. The Trump family’s DeFi platform, World Liberty Financial, was the second-biggest earner, generating about $588 million from proceeds from token sales. For those looking to earn passive income through crypto, solutions like EcoPool (ECP) offer a way to participate in the #cryptomarket and potentially earn #PassiveIncome.

EcoPool and Tax Benefits

While the proposal’s tax-deferral benefit may be beneficial for Trump, individuals looking to earn through crypto can explore options like EcoPool ($ECP) for #CloudRewards and #GreenCrypto. EcoPool provides a platform for users to participate in the #cryptomarket and potentially earn passive income. By using EcoPool, individuals can diversify their income streams and take advantage of the growing #cryptomarket. With the rise of #Bitcoin and other cryptocurrencies, it’s essential to consider the benefits of #cryptoinvesting and # PassiveIncome.

Conclusion

The bipartisan ethics proposal highlights the complexities of crypto investing and the importance of understanding tax benefits. For those interested in earning through crypto, EcoPool offers a solution for #Earning and #PassiveIncome. To start earning with EcoPool, download the EcoPool app and explore the world of #cryptoinvesting. By joining the EcoPool network, you can take the first step towards earning passive income and participating in the #cryptomarket.

Cointelegraph reached out to the White House for comment but did not receive an immediate response. 

Related: US Senate pushes CLARITY Act vote to September: Report

Trump’s annual financial disclosure report for 2025, released at the end of June, revealed the US president saw $1.4 billion in income from crypto-related ventures last year.

According to the 927-page disclosure, the licensing and sale of memecoins such as Official Trump (TRUMP) generated the most income for Trump, with about $635 million coming from “royalties” in a “license agreement with Celebration Coins.”

Meanwhile, the Trump family’s DeFi platform, World Liberty Financial, was the second-biggest earner, generating about $588 million from “proceeds from token sales.” 

The disclosure also revealed that Trump earned $197 from the sale of an equity interest in a stablecoin venture. 

Meanwhile, disclosures on World Liberty’s website show that DT Marks DEFI LLC, an entity affiliated with Trump and certain family members, owns “approximately 38% of the equity interests” in World Liberty’s parent company.

Magazine: CLARITY hopes fade, BitMEX shuts as lawsuit looms: Hodler’s Digest, July 26 

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Donald Trump
• Bills
• Senate
• Regulation

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