Today in Crypto, New York City mayor Eric Adams criticized former New York Governor Andrew Cuomo for harming the State Crypto industry, Japan’s financial service agencies (FSA) have suggested the classification of cryptoes as financial products, which can allow funds for exchange (ETFs) and 20% of the exchange funds (ETFs) and a flat ears (ETFs) and a flat ears (ETFs) and a flat ears and 20% of the exchange funds (ETFs) and an flat ears) of Crypto taxes, and a suggestion of COB ETHEREUM DEVELOPER ETHERE is blocking part of the Glamsterdam update in 2026.
New York mayor former governor Cuomo said “destroyed” crypto industry
New York City Mayor Eric Adams Former Governor Andrew Cuomo has come out against his “misconception” approach to regulating cryptocurrencies in the state.
Speaking at the Permissionless Conference on Tuesday, Adams said the New York State “demolished and destroyed” the crypto industry under Cuomo’s leadership, which has emerged from 2011 until his resignation in 2021.
Cuomo is now running for the Mayor of New York City, with primaries scheduled this week in advance of the mayoral election on November 4.
Adams appeared as an advocate for pro-crypto policies in the state, which promises to “build a pipeline” to allow city services to be paid through digital assets. When he was elected mayor, he accepted his first three salaries in Bitcoin (Btc) and ether (Eth).
Earlier this year, Adams’ pushing for bonds supported by Bitcoin is rEjected by comptroller brad landerto call the plan to “legal weakness -suspicion and no responsibility.
Japan recommends Crypto reclassification, paving way for ETFs and lower taxes
FSA of Japan proposed a sweeping of reclassification of cryptocurrencies That will remove a path for launching funds that have been exchanged by the Crypto Exchange (ETF) and introduce a flat 20% digital asset income tax.
The proposal, introduced On Tuesday, it suggested to recognize Crypto as “financial products” under the scope of the Financial Instruments and Exchange Act (FIEA), the same regulation framework that manages security and traditional financial products.
The suggested rectification can also transfer Japan’s current progressive tax system, which taxes crypto acquisitions at rates up to 55%, at an equal 20%, reflecting the treatment of stocks. That change can make crypto investment more attractive to both retail and institutional players.
The proposed transfer is part of the broader approach of the Japanese government’s “new capitalism”, aimed at positioning the country as an investment -led economy.
The move came amid increased interest in crypto as a legitimate investment owner. According to the FSA, more than 12 million domestic crypto accounts were active in January 2025, with properties held on platforms over 5 trillion Japanese yen (about $ 34 billion).
In the proposal, FAS also announced that Crypto ownership is now more than participating in some traditional financial products, such as FX and corporate bonds, especially tech-Savvy investors.
The proposal has also responded to the development of institutional relationships around the world. FSA noted data showing more than 1,200 financial institutions, including US pension funds and Goldman Sachs, now listed with us Spot bitcoin etf.
Japanese regulators aim to support similar development indoors, especially as global funds flow to crypto continues to expand.
ETHEREUM DEV FLOATS HILVING SLOT TIMES IN 6 SECS, DOUBLE BLOCKS
An Ethereum developer has released a proposal suggesting The cutting time of the network block in half – From 12 seconds to six seconds – with the aim of improving the confirmed time of the user’s transaction and experience.
The proposal improvement of Ethereum 7782, discussed on June 21 by major developer Barnabé Monnot, suggests cutting slot time – how often the new blocks are created – up to six seconds by adjusting the timing of various blockchain operations.
“The shorter time of the space makes the confirmation service better, and thus has the potential to raise the price of service beyond where it is now,” Monnot explained, referring to the economic value that the network can get for providing basic services as a layer of negotiations and confirmation.
The developer is looking for proposal. Blob supplyhe added.
