Crypto Bill Would Give Tax Breaks to Trump Family and Ultrawealthy

A new cryptocurrency policy being considered in the House of Representatives could benefit the ultrawealthy, including President Donald Trump's family.

The Revolving Door Project (RDP) analyzed two bills currently under consideration in the House Ways and Means Committee and found that they would create a tax loophole for cryptocurrency firms to defer taxes on mined coins indefinitely without interest.

This could be particularly beneficial for Eric and Donald Trump Jr., who reportedly hold a 20% stake in American Bitcoin, which mined 817 bitcoin in Q1 of 2026 alone. At current prices, this represents a value of more than $50 million.

The RDP also highlighted that some lawmakers on the House Ways and Means Committee have received significant donations from the crypto industry, including Rep. Steven Horsford (D-Nev.), who has received nearly $2 million in support since 2023.