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Ethics provision in proposed crypto bill could allow Trump to defer taxes

The Block says the provision is being reviewed as part of efforts to advance cryptocurrency legislation, which could change how certain tax obligations are handled.

Reported · Written up by our desk · Regulation

President Trump is reviewing ethics language tied to proposed cryptocurrency legislation, a process that could affect his personal tax situation, according to The Block citing Bloomberg.

The reporting centers on whether the ethics language would allow Trump to defer millions in taxes if the legislation advances.

The Block notes the review is intended to help pass the crypto bill, with the potential tax impact depending on how the final language is written.

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