);)
Bloomberg reported on the 7th that, citing testimony from a source, President Trump may sign an executive order on the strategic stockpiling of Bitcoin (BTC) at the upcoming 'Crypto Summit' cryptocurrency meeting on the 7th. Bloomberg explained that the U.S. government could pursue the strategic asset-ization of Bitcoin, as it already holds a large amount of Bitcoin. Bloomberg also reported that various aspects of cryptocurrency taxation regulations in the U.S. could change.
2. Japan's ruling party "Pushing to lower cryptocurrency capital gains tax to 20%"
It has been revealed that Japan's ruling Liberal Democratic Party is pushing to lower the capital gains tax on cryptocurrencies to 20% and to classify cryptocurrencies as a separate asset class from securities. LDP member Akira Shizaki said through his X account on the 6th that the LDP is pushing for cryptocurrency regulatory reform, considering lowering the tax rate and applying taxation only when cryptocurrencies are exchanged for cash.
3. U.S. Congressman "Reintroduces 'CBDC Prohibition Act'"
U.S. Congressman Tom Emmer reintroduced a bill on the 6th to prohibit the issuance and use of CBDCs in the U.S. On the 6th, Emmer submitted the CBDC Surveillance Prevention Act to the 119th House of Representatives for review by members. Emmer first proposed the 2022 CBDC Prevention Act, which passed the House in 2024 and is currently awaiting review by the Senate Banking Committee.
4. Texas State Senate Passes Bitcoin Accumulation Bill
The Texas State Senate passed a bill 'SB-21' on the 6th that allows the state government to strategically acquire Bitcoin. The SB-21 bill argued that the state government should accumulate Bitcoin to strengthen state assets due to budget shortfalls.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
