The lower house has passed it; now waiting for the upper house to stamp it. 55% → 20% tax difference, retail investors understand this calculation clearly.

Japan's Lower House passes a landmark bill, bringing cryptocurrencies into the same financial instrument framework as stocks, and assets like XRP will be reclassified; if approved by the Upper House, BTC, ETH, and XRP will officially become financial instruments, subject to traditional market rules and insider trading bans. The bill also reduces the tax rate on cryptocurrencies from a maximum of 55% on miscellaneous income to 20% on capital gains, increasing participation appeal.