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Crypto

Billionaire Kevin O\'Leary says stablecoins are safest cryptocurrency

Billionaire investor Kevin O\'Leary said stablecoins are the safest assets in the cryptocurrency market, citing a U.S. regulatory framework for payment stablecoins. He said stablecoins are designed to be relatively stable but are not risk-free, with safety varying by reserve quality, issuer credibility and redemption terms. O\'Leary described Bitcoin as speculative and still facing legal uncertainty, and said blockchain tokens such as Ethereum should be assessed by real-world adoption.

Crypto

U.S. crypto tax bill advances, seeks penalty relief for voluntary disclosures

A bill moving through the U.S. Congress would create a separate voluntary disclosure program for digital asset taxpayers to correct past reporting errors. If enacted, eligible taxpayers could file amended returns for prior violations and pay unpaid tax, interest and program penalties. The proposal sets lower penalties for those who certify the errors were not fraudulent or intentional, and higher penalties for those who do not. The bill has cleared a House committee but still needs passage by both chambers and presidential signature.

Crypto

SEC chair reaffirms crypto regulatory push despite CLARITY bill hurdles

The U.S. Securities and Exchange Commission has reaffirmed its plan to build a comprehensive cryptocurrency regulatory framework despite legislative uncertainty in Washington. SEC Chair Paul Atkins said on X that the agency would continue its fight to provide a common-sense and comprehensive U.S. crypto market structure. His remarks come as uncertainty rises around the CLARITY bill, which failed to clear a procedural threshold in the Senate on Sept. 15.