Fidelity Investments has introduced a new individual retirement account (IRA) that lets customers directly invest in cryptocurrencies like bitcoin (BTC), ether (ETH), and litecoin (LTC).

A U.S. House committee advanced stablecoin legislation late Wednesday after hours of debate, setting the stage for a potential full vote in the House and bringing the country closer to regulating dollar-pegged crypto tokens.

Sony Electronics Singapore is now accepting USDC stablecoin payments, the company announced , through a new payment option that comes through a partnership with Crypto.com, which will facilitate the USDC transactions.

Top stories in the Crypto Roundup today:

• Fidelity Launches No-Fee Crypto IRA Offering Direct Bitcoin, Ether, Litecoin Access
• U.S. House Committee Advances Stablecoin Bill
• Sony Electronics Singapore Now Accepts USDC Payments via Crypto.com Integration

Fidelity Launches Crypto IRA Offering Direct Bitcoin, Ether, Litecoin Access

Fidelity Investments has introduced a new individual retirement account (IRA) that lets customers directly invest in cryptocurrencies like bitcoin (BTC), ether (ETH), and litecoin (LTC).

The product is available to U.S. adults over the age of 18 and comes with no account fees. Assets are held in cold storage by Fidelity Digital Assets and customers can choose from Roth, traditional or rollover IRA structures, allowing for either tax-deferred or tax-free exposure depending on the plan selected.

The move comes as clients increasingly seek tax-advantaged ways to hold digital assets, according to a person familiar with the matter. While Fidelity already offers crypto exchange-traded funds (ETFs), which track the price of digital assets without direct ownership, this new plan marks a shift toward hands-on investment.

U.S. House Committee Advances Stablecoin Bill

A U.S. House committee advanced stablecoin legislation late Wednesday after hours of debate, setting the stage for a potential full vote in the House and bringing the country closer to regulating dollar-pegged crypto tokens.

The Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act cleared the House Financial Services Committee with support from 26 Republicans and six Democrats. The bill now moves to the full House for consideration, joining a parallel version that recently passed out of the Senate.

But the vote wasn’t without friction. Democrats raised concerns about President Donald Trump’s growing involvement in the crypto space, particularly his connection to World Liberty Financial (WLFI), a company that just launched a stablecoin called USD1. 

Trump’s ties to crypto — from NFT drops to memecoin promotions — were cited as a unique conflict of interest, given his role in shaping the very policies that could benefit those ventures.

“He’s unlike any other issuer, because he’s the president,” said Rep. Stephen Lynch, pointing to the risk of Trump using his authority over regulators to steer outcomes favorable to his business. Other Democrats, like Rep. Maxine Waters, criticized the bill’s failure to include safeguards to prevent presidential self-dealing.

Republicans dismissed the concerns, arguing that regulation should focus on innovation and oversight, not individual actors. “We don’t discriminate on entrepreneurs based on who they are and where they come from,” said Chairman French Hill.

The session also saw votes on other crypto-related bills, including a ban on a U.S. central bank digital currency and the creation of a fintech law enforcement task force — both of which passed.

Sony Electronics Singapore Now Accepts USDC Payments via Crypto.com Integration

Sony Electronics Singapore is now accepting USDC stablecoin payments, the company announced, through a new payment option that comes via a partnership with Crypto.com, which will facilitate the USDC transactions.

Chin Tah Ang, general manager of Crypto.com Singapore, said the goal is to simplify crypto transactions for everyday shoppers and push digital payments into more consumer-facing settings.

Singapore's regulatory environment continues to attract digital finance firms. The country doubled its number of crypto licenses in 2024, offering a clear framework for digital asset operations. That has helped foster partnerships between banks and crypto platforms, even as global markets remain cautious.

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