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As reported by Bitcoin.com, New Zealand's fourth-largest party, the ACT Party (Consumers and Taxpayers Association), has formally proposed a digital asset tax reform plan. The proposal seeks to exempt compliant crypto assets held by individual retail investors for over a year from capital gains tax and waive tax reporting obligations for small-value crypto payments. Additionally, the plan introduces clear regulatory frameworks for stablecoins and tokenized securities, alongside a regulatory sandbox mechanism tailored for startups. ACT Party Deputy Leader Nicole McKee stated that this initiative aims to establish New Zealand as a trusted hub for digital finance, driving local high-value employment and economic growth.
Odaily News: Coinbase's Chief Policy Officer, while discussing the progress of the CLARITY ACT on The Hill, stated: "We have addressed the ethical issues, we have resolved the nomination concerns, and we have a bipartisan bill regarding its substance, which should be able to move forward."