A bipartisan proposal for cryptocurrency legislation could grant President Trump a tax advantage by allowing the deferral of capital gains taxes on his digital asset portfolio. This bill stipulates that the president must separate from crypto-related enterprises. Democrats emphasize ethical standards to secure their backing, while the Clarity Act seeks to clarify regulatory oversight of the cryptocurrency industry.

Trump may be forced to sell his crypto holdings due to an ethics deal. Bitcoin reaching $200K by December 31, 2026 at 2.1% YES.

Aug 6 : The bipartisan ethics proposal senators have pitched to President Donald Trump to get landmark crypto legislation over the line in Congress could trigger a significant tax…