Kevin O’Leary says Congress will revisit Clarity early next year as crypto tax bill advances

The Shark Tank investor says Congress will face pressure to revive crypto market structure legislation as it moves to establish tax rules for digital assets.

Kevin O’Leary expects lawmakers to revisit the Clarity Act after the midterm elections.
He pointed to the House Ways and Means Committee’s crypto tax bill as a key reason he believes market-structure legislation will return.
“Once you tax, you’ve got to have policy,” O’Leary said, arguing that rules for taxing activities such as staking will increase pressure for regulatory clarity.

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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Original sourceCoinDesk

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Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.