Senators Propose Forced Crypto Divestiture for Donald Trump

U.S. Senators Thom Tillis and Ruben Gallego have introduced a bipartisan ethics addendum to the Clarity Act, a cryptocurrency bill currently being negotiated between Congress and the White House. The proposal would require Donald Trump to divest from his crypto-related holdings, including his stake in World Liberty Financial.

This forced divestiture could enable the president to use a special tax provision to defer capital gains taxes on his assets, potentially saving him millions of dollars. Trump reported earnings of $1.4 billion from memecoin and cryptocurrency ventures in 2025. Senate Democrats conditioned the ethics provision on the need to prevent political figures from profiting from personal crypto ventures.

The proposal also includes a mechanism allowing state attorneys general to file lawsuits to enforce these ethics measures if the Justice Department declines to take action. Senate Majority Leader John Thune is currently pushing for a procedural vote on the legislation before the August recess.