Major News Headlines for Today

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BlockStreet
2 days ago
Major News Headlines for Today
1. Trump Considers Setting up First White House Post for Cryptocurrency
It has been revealed that Trump is considering establishing a position dedicated to cryptocurrency policy in the White House. Bloomberg reported Nov. 20 hat based on the testimony of sources, Trump is considering establishing a new position for the purpose of establishing and processing clear cryptocurrency policies in the United States. According to reports, the newly established position would a position that allows face-to-face reporting to Trump, and Trump is currently considering a person suitable for the position.

2. Japan is Pushing Cryptocurrency Tax Rate cut..."20% Flat Rate"
It has been revealed that the Japanese government is considering a drastic tax cut on cryptocurrency taxation as part of its economic stimulus package in Japan. According to local media, the Japanese government is pushing for a revision of the country's taxation bill as part of its economic stimulus package on Nov. 20, including cryptocurrency-related taxation. Local media reported that the ruling and opposition parties are currently discussing tax reform in Japan, and that the tax reform bill may be passed at this year. According to the current Japanese cryptocurrency taxation bill, the Japanese government applies a tax rate of up to 55% to cryptocurrencies. The new bill was found to include the application of a flat tax rate of 20% to cryptocurrency taxation.

3. Presidential Transition Team Talks 'Pro-Cryptocurrency Lawyer' As Candidate For Next SEC Chairman
It has been reported that the U.S. Presidential Transition Committee is considering lawyer Teresa Goody Guillén as a new candidate to replace Gary Gensler, the U.S. Securities and Exchange Commission(SEC). CoinDesk, a cryptocurrency media outlet, reported on Nov. 20 that the U.S. Presidential Transition Committee is considering Teresa Goody Guillén, a partner at BakerHostetler and co-lead of its blockchain team, to take the position of the next SEC chairman for the purpose of a full-scale reorganization of the SEC.

4. FTX Co-Founder Exempts Court of Justice's Prison Service
FTX co-founder Gary Wang was sentenced to three years of probation and forfeiture of $11 billion in assets by a court on Nov. 20 following debt recovery following FTX bankruptcy and efforts to cooperate with court investigations.

권승원 기자 ksw@blockstreet.co.kr

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