Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Japan’s Financial Services Agency (FSA) has proposed classifying crypto as financial products, potentially allowing for exchange-traded funds (ETFs) and a flat 20% capital gains tax on crypto, an Ethereum developer has proposed changes that would double Ethereum block speed as part of the Glamsterdam update in 2026, and a new bill introduced in the US Congress seeks to ban public officials from profiting off digital assets.
Japan’s FSA proposed a sweeping reclassification of cryptocurrencies that would clear a path for the launch of crypto exchange-traded funds (ETFs) and introduce a flat 20% tax on digital asset income.
The proposal, introduced on Tuesday, suggests recognizing crypto as “financial products” under the scope of the Financial Instruments and Exchange Act (FIEA), the same regulatory framework that governs securities and traditional financial products.
