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

  • Kevin O'Leary said Congress is likely to revisit the CLARITY Act next year.
  • H.R.10357 passed, while O'Leary gave the CLARITY Act a 0% chance this time.
  • O'Leary expects discussions on the CLARITY Act to resume as early as the first quarter next year.

Billionaire investor Kevin O'Leary said Congress is likely to revisit the CLARITY Act next year after passing the Digital Asset Tax Clarification Act (H.R.10357). O'Leary said the CLARITY Act had a 0% chance of passing this time, a prediction borne out by the outcome. He expects discussions to resume as early as the first quarter next year, arguing that digital-asset tax rules now in place will increase pressure for broader policy.

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