BREAKING: Japan just put crypto in the same legal category as stocks.
Capital gains tax on crypto drops from 55% to a flat 20%, the same rate as stocks and bonds.
Bitcoin and Ethereum will now be classified as financial instruments under the same law that governs traditional securities.
Insider trading rules now apply to crypto, and the maximum punishment for unregistered crypto sellers rises from 3 years to 10 years in prison.
The law also opens the door to crypto ETFs, Japan Exchange Group expects crypto tracking ETFs to list as soon as next year.
LATEST: @Mastercard secures a New York BitLicense, clearing the way for the payments giant to operate digital asset and stablecoin infrastructure under one of the strictest crypto regulatory frameworks in the U.S.
🚨 MASSIVE 🚨
🇺🇸 Senator Lummis just sent a warning to the banking system.
“Digital assets are the future of finance. Banks can join… or get left behind.”
The future is coming fast. 🔥
The Senate Banking Committee is marking up the Bitcoin & crypto market structure legislation TODAY
Re-post if you want to see the Clarity Act pass 🙌🇺🇸
BREAKING: 🇺🇸 @EleanorTerrett REPORTS “SENATE BANKING COMMITTEE IS PREPARING TO NOTICE A MARKUP FOR THE CLARITY ACT AS SOON AS TOMORROW AND HAS CIRCULATED DRAFT LEGISLATIVE TEXT TO SELECT INDUSTRY MEMBERS AHEAD OF A POTENTIAL THURSDAY VOTE”
CLARITY IS COMING!! 🙌 $BTC $XRP
🇺🇸 President Trump said:
When the CLARITY Act comes to my desk, I will sign it,
I will make the US the crypto capital,
Pass the law quickly!!
Retweet if you support the CLARITY Act.
Let's discuss in the comments what will happen when the law passes.
@Investments_CEO The key word is should. They haven't yet and they wont because the banks want to ensure they have monopoly over customer's deposits before they vote yes.
🚨BREAKING:
Bernie Moreno says the CLARITY Act should have been done LAST SUMMER instead!!
Washington is moving at a “mind-bendingly slow” pace.
ripple:native