#MarketCorrectionBuyOrHODL
The "Urgent Proposal to Make Crypto Assets a Contributing Asset to the National Economy" was officially approved by the LDP's Policy Council on March 19, posted on X by LDP Member of Parliament Akihisa Shiozaki, web3 chief of the LDP's Headquarters for the Promotion of Digital Society.
On April 18, the councilor had posted that the draft emergency proposal "will be released soon" with the launch of the "web3 working group".
The urgent proposal begins by reviewing the efforts of the LDP's web3 Project Team (web3PT) to date, citing the establishment and operation of a limited liability company-type DAO, the realization of token investment through limited partnerships (LPS), and the creation of a stable coin brokerage business as achievements, and notes that "the LDP has unquestionably taken the lead in these reforms.
Although not mentioned in the emergency proposal, the revision of the year-end fair value taxation, which was achieved for two consecutive years for both in-house and third-party issuances, is another major achievement of the web3PT.