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It has been revealed that President-elect Trump is considering creating a dedicated cryptocurrency policy position in the White House. According to Bloomberg, based on testimony from sources, President-elect Trump is considering establishing a new position to establish and handle a clear U.S. cryptocurrency policy. The report states that the new position would be able to report directly to President-elect Trump, and he is currently considering an appropriate person for the role.
2. Japan to pursue drastic tax cuts on cryptocurrency - maximum rate to drop from 55% to 20%
The Japanese government has revealed that it is considering a dramatic tax cut on cryptocurrency as part of its economic stimulus measures. According to local media, the Japanese government is pushing for a revision of the country's tax laws as part of its economic stimulus package, which includes cryptocurrency-related taxation. Local media reported that the ruling and opposition parties in Japan are currently discussing tax reform, and the tax reform bill is expected to be approved by the government by the end of this year. Currently, the Japanese government applies a maximum 55% tax rate on cryptocurrency. The new bill is said to include a fixed 20% tax rate on cryptocurrency.
3. Presidential transition team considers 'pro-cryptocurrency lawyer' as next SEC chairman candidate
It has been reported that the U.S. presidential transition team is considering Gurbir Grewal, a lawyer specializing in Blockchain, as a candidate to replace Gary Gensler as the next chairman of the U.S. Securities and Exchange Commission (SEC). reported that the presidential transition team is aiming for a comprehensive reorganization of the SEC, and is considering Gurbir Grewal, a Blockchain litigation attorney at the law firm Baker Hostetler, as a candidate for the next SEC chairman.
4. FTX co-founder avoids jail time
Gary Wang, the co-founder of FTX, was sentenced by the court to 3 years of probation and the forfeiture of $110 billion in assets, in recognition of his efforts to recover FTX's debts and cooperate with the court's investigation following FTX's bankruptcy.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
