**Crypto Tax Cut Proposal: A Vote for Change in Japan?**

- Japan’s DPP leader Yuichiro Tamaki proposes a 20% tax on crypto gains if elected. 🚀

- Currently, crypto profits are taxed as high as 55%, while stock market gains are capped at 20%.

- DPP holds only 7 out of 465 seats, making the plan a long shot.

- No tax event for crypto-to-crypto exchanges under Tamaki’s plan.

- Election on Oct. 27; DPP aims to boost take-home pay and Web3 leadership.

- Japan’s Financial Services Agency plans a tax code overhaul for 2025, including lower crypto taxes.

Stay tuned for more crypto updates!