The hearing notice suggested a focus on a tax framework for digital assets, but did not mention specific witnesses or policies previously proposed. Lawmakers in the US House of Representatives are scheduled to hold a hearing on a crypto tax policy framework as part of Republicans’ push to consider bills on central bank digital currencies (CBDCs), stablecoins and market structure. In a Wednesday notice, leadership on the House Committee on Ways and Means and Oversight Subcommittee said they had scheduled a July 16 hearing to focus on “affirmative steps needed to place a tax policy framework on digital assets.” The event, “ensuring digital asset policy built for the 21st century,” will come as House representatives are expected to vote on three crypto-related bills. It was unclear at the time of publication what witnesses would be invited to testify at the hearing. The US Senate Banking Committee discussed market structure legislation on Wednesday, hearing from Ripple CEO Brad Garlinghouse, Blockchain Associati...
Gates Inc. and Oasys’s partnership is one of Japan’s largest real estate tokenization projects, with phase 1 aiming to expand liquidity to $34 billion. Japanese real estate investment firm Gates Inc. will tokenize $75 million worth of central Tokyo properties on the Oasys blockchain, marking one of the country’s largest real estate tokenization initiatives to date. The partnership, announced Wednesday, represents a major step for both companies. Gates plans to eventually tokenize over $200 billion in assets — about 1% of Japan’s real estate market — while Oasys continues expanding beyond its gaming roots into real-world asset (RWA) tokenization. Gates, which generated $145 million in 2024 revenue and was listed on the Financial Times’ “High-Growth Companies Asia-Pacific 2023” list, is currently conducting a Nasdaq roadshow after filing its F-1 prospectus. Read more
US President Donald Trump and members of his administration have pushed for the passing of the GENIUS Act, which would regulate stablecoins in the US. The United States views dollar-pegged stablecoins as a tool to help reverse the decline of the dollar’s status as a global reserve currency, according to a new report from digital asset banking group Sygnum. To accelerate that goal, the current administration is encouraging the growth of the stablecoin market and urging Congress to pass related legislation. The insights come from Sygnum’s latest report examining the dollar’s standing as a reserve currency and the US government’s efforts to preserve that. US President Donald Trump and key members of his administration, including Treasury Secretary Scott Bessent and AI and David Sacks, Trump’s “Crypto and AI Czar,” who leads the President’s Council of Advisors on Science and Technology, are pushing for the swift passing of the GENIUS Act, which regulates stablecoins and their issuers in the United States. The Act...