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Crypto

14 U.S. House races still unsettled, raising prospect of bigger pro-crypto bloc

With winners still not confirmed in 14 U.S. House districts, the possibility has emerged that a pro-cryptocurrency bloc in the next Congress could expand further. Even with Democrats controlling both chambers, lawmakers supportive of crypto have increased their foothold. Industry groups are seeking additional engagement with candidates in unresolved races, including those who have not stated a public position. The sector plans outreach to new members and aims to increase lawmakers rated A or B by Stand With Crypto.

Crypto

Japan\'s LDP weighs adopting U.S.-style crypto framework

Japan\'s ruling Liberal Democratic Party is moving to overhaul rules on decentralised finance, stablecoins and prediction markets, drawing on U.S. crypto policy and financial market trends. The party\'s blockchain lawmakers\' group reviewed findings from an August U.S. trip and discussed regulatory improvements. The Japan Blockchain Association called for clarifying the legal status of DeFi and decentralised exchanges and recognising digital assets as property rights.

Crypto

Blockchain Association urges U.S. Congress to overhaul crypto tax rules

The Blockchain Association urged U.S. lawmakers to overhaul digital asset tax rules, calling for exemptions for small transactions and for stablecoins to be treated as cash for tax purposes. It also sought taxation of mining and staking rewards when they are sold, and limits on broker reporting duties to intermediaries that custody or control customer assets. The group did not endorse specific legislation and said it would continue discussions as bills move forward.