Foresight News reported that Arthur Hayes cited reports of "agreeing to postpone the taxation of virtual assets for two years," stating, "The bull market can be sustained, and the capital gains tax in South Korea has been postponed for another 2 years." According to (Korea Economic), a representative of the Democratic Party in the National Assembly stated, "It has been decided to agree to postpone the taxation of virtual assets for two years. The government proposed 13 bills, of which 8 bills with no issues will be passed, and 5 bills will undergo additional discussions."