With less than a month remaining for the U.S. elections for the House, Senate, and Presidency, many cryptocurrency events have turned their focus toward regulation and politics.
Here are the latest updates from the crypto world
With less than a month remaining for the U.S. elections for the House, Senate, and Presidency, many cryptocurrency events have turned their focus toward regulation and politics.
Cointelegraph in Permissionless III conference in Salt Lake City and Ripple Swell in Miami, observed panels featuring high-level executives sharing their predictions on the November presidential race between Democrat Kamala Harris and Republican Donald Trump, and its potential impact on the crypto industry in 2025.
Whether discussing regulation, stablecoins, or Bitcoin mining, participants emphasized that digital assets have become a central issue in U.S. politics in 2024 like never before.
"Every panel is talking about regulations," said Lauren Belive, Ripple's head of U.S. public policy, during Swell on Oct. 16.
She added, "We've seen a much wider range of policymakers now taking interest in the intricacies of this technology."
Non-fungible tokens (NFTs) are gaining traction on the messaging app
platform telegram, as its users are increasingly engaging with Web3.
NFT activity on Telegram surged by 400% in the third quarter, according to a report by Web3 data provider Helika,
In its “Q3 ‘24 Telegram Games Report,” Helika’s data showed that the number of unique wallets transferring NFTs daily in Telegram surged from fewer than 200,000 in July to over one million in September.
Yuichiro Tamaki, Japan’s Democratic Party for the People (DPP) leader proposed a crypto tax plan that would lower tax crypto gains to 20% if he gets elected.
In a translated post on X, Tamaki said, “If you think crypto assets should be taxed separately at 20% instead of treated as miscellaneous income, please vote for the Democratic Party for the People,”
However, Tamaki's DPP, which currently holds just seven out of 465 seats in Japan's House of Representatives, faces significant challenges in realizing the plan.
The proposal includes taxing crypto gains at 20%, similar to stock market profits, and it would not trigger a tax event when exchanging one cryptocurrency for another.
He further added;
“I would appreciate it if you could spread the word about these promises made by the Democratic Party for the People.”