ChainCatcher news, Startale's CEO Sota Watanabe revealed on X: The ruling party in Japan has proposed establishing a new cryptocurrency regulatory framework under the Financial Instruments and Exchange Act. If this proposal is passed this year, cryptocurrencies may not be regulated as securities but rather be considered a new asset class, potentially leading to the launch of crypto ETFs and a reduction in the tax rate from a maximum of 55% to 20%.The government has been engaging in dialogue with Japanese industry leaders, and this move is seen as a positive outcome of collaboration between regulators and the industry, which is expected to attract more Japanese investors into the on-chain market.

ChainCatcher news, according to the official announcement, Nasdaq-listed mining company Bit Digital, Inc. has announced that it will officially transition to a domestic issuer status starting January 1, 2025, in accordance with U.S. securities regulations. It has now completed the transition from foreign private issuer status to domestic reporting issuer status.

ChainCatcher News, the U.S. House of Representatives plans to vote next week on a market structure bill called (FIT21), which includes new provisions regarding when cryptocurrencies should be considered securities. The House already has a group of representatives who support cryptocurrencies, and (FIT21) is likely to pass smoothly in the House, but it will face obstacles in the Senate.The 21st Century Financial Innovation and Technology (FIT21) Act aims to provide a clear regulatory framework for digital assets, addressing long-standing issues of market regulation and consumer protection.

Chain Catcher News, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler stated that PoS cryptocurrencies, including Ethereum, may be subject to federal securities regulations following Ethereum's completion of the merge. (Wall Street Journal)