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Senate Proposes Trump Crypto Ethics Deal, Tax Deferral Conditional

8/7/2026

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Summary

Story summary

Senators offered President Donald Trump an ethics proposal linked to the Clarity Act.
The proposal would let Trump defer capital-gains taxes on his cryptocurrency holdings.
It also requires the president to divest from crypto-related businesses.
Senate Democrats said their support depends on a strong ethics provision that blocks political figures from profiting from personal crypto ventures.

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Story summary

Senators offered President Donald Trump an ethics proposal linked to the Clarity Act.
The proposal would let Trump defer capital-gains taxes on his cryptocurrency holdings.
It also requires the president to divest from crypto-related businesses.
Senate Democrats said their support depends on a strong ethics provision that blocks political figures from profiting from personal crypto ventures.