#uscrytoreserve According to Odaily, Startale CEO Sota Watanabe revealed on X that Japan's ruling party has proposed a new regulatory framework for cryptocurrencies under the Financial Instruments and Exchange Act. If approved this year, cryptocurrencies may not be regulated as securities but instead recognized as a new asset class. This change could lead to the introduction of crypto ETFs and a reduction in tax rates from a maximum of 55% to 20%. The government has been in discussions with industry leaders in Japan, and this move is seen as a positive outcome of regulatory and industry collaboration. It is expected to attract more Japanese investors to the on-chain market.