Crypto bill ethics provision could let Trump defer millions in taxes: Bloomberg

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Crypto bill ethics provision could let Trump defer millions in taxes: Bloomberg

60-second summary

President Trump is reviewing ethics language in a proposed cryptocurrency bill that could let him defer millions in taxes, according to Bloomberg. The provision aims to prevent lawmakers from profiting from insider information, but Trump's team is pushing for an exemption that would benefit him personally. This move could save Trump millions in taxes.

President Trump is reviewing ethics language in a bid to pass cryptocurrency legislation — which could result in a personal tax benefit.