Kevin O'Leary expects Congress to revisit CLARITY Act next year

Billionaire investor Kevin O'Leary said Congress is likely to revisit the CLARITY Act next year after the Digital Asset Tax Clarification Act (H.R.10357) was passed, CoinDesk reported. O'Leary said the bill had a 0% chance of passing this time, and that is what happened. He expects discussions on the measure to resume as early as the first quarter of next year. With tax rules for digital assets now in place, Congress will face pressure to revive the CLARITY Act, he added, stressing that once taxes are imposed, policy is necessary.