Trump's Crypto Bag May Need a Fire Sale If the CLARITY Act Gets Its Way 🧾

Lawmakers negotiating the final language of the CLARITY Act are weighing an ethics provision that could compel President Donald Trump to divest his crypto holdings, according to a Bloomberg report. The draft ethics language, which has not been publicly released, would require the president to sell off crypto business ventures, potentially creating a sizable capital gains tax event while also offering a limited tax advantage on certain investments.

The provision is being negotiated between the White House and senators as part of the broader CLARITY Act, a market structure bill intended to clarify how digital assets are regulated in the United States. Democrats in the Senate had pushed for stricter ethics rules aimed at preventing conflicts of interest between public officials and crypto businesses but ultimately signed off on the current package.

The renewed focus on Trump's crypto exposure follows financial disclosures released in June showing that his family's digital asset enterprises generated over $1.4 billion in revenue last year. Trump's crypto holdings and affiliated businesses span multiple segments of the digital asset ecosystem, and critics have raised concerns about potential conflicts between his policy influence and his personal financial interests.

The White House and Senate negotiators have not publicly disclosed the specific divestment timeline or the exact tax treatment outlined in the draft. It remains unclear whether the ethics language will be included in the version of the bill that advances, or whether further amendments will be proposed before any final vote.

The CLARITY Act itself continues to move through Congress as one of the more closely watched pieces of digital asset legislation, with implications for how regulators oversee trading, custody, and the classification of tokens including $BTC and $ETH. Any final ethics provision attached to the bill could set a new precedent for disclosure and divestment requirements for senior U.S. officials with crypto-related financial interests.