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Home/Markets & Investing/CRYPTO REGULATION BILL · CRYPTO IRS RULING

Japan Reclassifies Crypto Assets as Securities to Close Insider Trading Loophole

RS

Riley Stratton

crypto regulation bill · Apr 10, 2026

Japan Reclassifies Crypto Assets as Securities to Close Insider Trading Loophole

Source: The Digital Ledger Data Terminal

Market participants in Japan will face penalties for trading on non-public information under a new regulatory shift. The Japanese cabinet approved a draft amendment to the Financial Instruments and Exchange Act (FIEA), reclassifying cryptocurrencies from payment methods under the Payment Services Act to financial products.

Related Brief1d ago
cryptocurrency regulation

Coinbase backs crypto bill as stablecoin compromise nears, signaling shift from opposition

Coinbase CEO Brian Armstrong now supports the Clarity Act crypto bill, marking a shift from the company's prior stance of neutrality or opposition. The exchange had previously resisted the bill due to unresolved concerns over restrictions on stablecoin yields. Those provisions are now close to resolution, with chief legal officer Paul Grewal stating, "the legislation is almost final." The shift signals a growing alignment between major crypto firms and regulators. U.S. Treasury Secretary Scott Bessent has urged Congress to fast-track the bill, emphasizing the need for structured oversight of digital asset markets. The Clarity Act will establish clear regulatory standards for stablecoins, trading platforms, and compliance frameworks. Its passage is widely seen as a prerequisite for institutional capital to enter the crypto market at scale. Regulatory certainty, not market price, is now the key determinant of investor positioning.

By bringing digital assets under the same legal structure as stocks and securities, the government is aligning the sector with established financial market standards. This reclassification allows for the explicit prohibition of insider trading, a measure long applied in traditional finance but absent in most crypto markets.

Related Brief2d ago
cryptocurrency

Treasury Secretary Bessent's Push for the Clarity Act targets the flight of crypto companies to Singapore and Abu Dhabi

Companies and developers have moved to jurisdictions like Singapore and Abu Dhabi because of regulatory uncertainty in the U.S. market. This uncertainty stems from the SEC and CFTC applying different standards to digital assets. Treasury Secretary Scott Bessent has urged Congress to pass the Clarity Act to resolve this. The act would establish a registration framework for trading platforms and intermediaries and clarify the standards for determining whether a digital asset is a security. It would also include disclosure and custody rules for investor protection, anti-money laundering measures, and authority to respond to illicit finance. Bringing digital-asset activity into a clear regulatory framework would strengthen oversight and transparency.

Issuers of crypto-related products will now be required to publish annual reports to increase transparency. Penalties for noncompliance will also rise. Operating without registration could result in prison terms of up to 10 years, compared with the current maximum of three years. Financial penalties will increase to 10 million yen, or about $62,800.

Related Brief1d ago
stablecoin regulation

Treasury Department Proposal Would Mandate Technical Kill Switches in Stablecoins

Stablecoin users will face restricted access to funds, reduced on-chain privacy, and an increase in wallet freezes and asset seizures. This is the result of a a Treasury Department proposal to implement the GENIUS Act, which treats permitted payment stablecoin issuers as permitted payment stablecoin issuers as financial institutions under the Bank Secrecy Act. Under this rule, the US Treasury, through FinCEN and OFAC, { "// own single quote quote: the source material provided does not contain a quote from a person, and the "// own single quote quote: the source

The law takes effect as early as fiscal year 2027.

Related Brief2d ago
crypto regulation

The CLARITY Act could unlock institutional capital by ending regulation by enforcement

Pension funds and insurance companies could access trillions in institutional capital currently sidelined by legal ambiguity. This potential unlock is the result of the the Digital Asset Market CLARITY Act, which would replace the existing "regulation by enforcement" approach with a statutory, rule-based framework. The Senate Banking Committee begins its work period on April 13, 2026, with a markup conclusion required by the end of April to meet a July deadline. The act establishes a statutory framework for establishing rules for token classification between the SEC and the CFTC, as well as setting standards for crypto exchanges, custodians, and broker-dealers. It defines federal oversight for stablecoins and introduces regulatory boundaries for decentralized finance and the tokenization of Real-World Assets. By aligning U.S. standards with international frameworks such as Europe’s MiCA, the act aims to ensure U.S. firms remain competitive. This removal of legal ambiguity unlocks trillions in institutional capital from pension funds and insurance companies.

crypto regulation billcrypto IRS rulingstablecoin US legislation

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