Today in Crypto, the mayor of New York, Eric Adams, criticized the former New York governor, Andrew Cuomo Update from Glamsterdam in 2026.
The mayor of New York said that former Governor Cuomo “destroyed” cryptographic industry
The mayor of New York Eric Adams denounced the former governor Andrew Cuomo for his “erroneous” approach to the regulation of cryptocurrencies in the state.
Speaking on Tuesday at the conference without authorization, Adams said that New York State “dismantled and destroyed” the cryptography industry under the direction of Cuomo, which took place from 2011 to its resignation in 2021.
Cuomo is now presented for the mayor of New York, with primaries scheduled for this week before the mayor’s elections on November 4.
Adams has become a defender of Pro-Crypto policies in the state, promising to “develop the pipeline” to allow the city services to be paid via digital assets. When he was elected mayor, he accepted his first three pay checks in Bitcoin (BTC) and ether (Ethn).
Earlier this year, Adams push for bitcoin bonds was Rexpelled by controller Brad Landerwho called the plan “legally doubtful and fiscally irresponsible”.
Japan offers the reclassification of crypto, paving for ETFs and weaker taxes
Japan FSA proposed a radical reclassification of cryptocurrencies This would erase a path for the launch of the negotiated funds in exchange for crypto (ETF) and introduce a stable tax of 20% on the income of digital assets.
The proposal, presented Tuesday, suggests recognizing the crypto as “financial products” as part of the Financial Instruments and Exchange Act (FIEA), the same regulatory framework that governs traditional securities and financial products.
The proposed reclassification could also move the current progressive tax system of Japan, which tax crypto gains at rates of up to 55%, to 20% uniform, reflecting the treatment of shares. This change could make the investment in cryptography more attractive for retail stakeholders and institutions.
The proposed change is part of the broader strategy of the “new capitalism” of the Japanese government, which seeks to position the country as an economy led by investments.
This decision comes in the midst of growing interest in the crypto as a legitimate investment actor. According to the FSA, more than 12 million national cryptography accounts were active in January 2025, with assets held on platforms exceeding 5 billions of Japanese yen (around $ 34 billion).
In the proposal, FAS also revealed that possession of cryptography is now exceeding participation in certain traditional financial products, such as FX and business bonds, especially among the retail investors in technology.
The proposal also reacts to the sharp increase in institutional engagement in the world. The FSA has cited data showing more than 1,200 financial institutions, including American and Goldman Sachs pension funds, now hold the United States Bitcoin FNB spot.
Japanese regulators aim to support similar developments at the national level, especially since global fund flows in the crypto continue to develop.
Ethereum Dev floats in two stages of the location at 6 seconds, doubling the blocks
An Ethereum developer has published a proposal that suggests Cut the network’s block time in two – from 12 seconds to six seconds – in order to improve the confirmation time for transactions and user experience.
The proposal for an improvement of Ethereum 7782, discussed on June 21 by the basic developer Barnabé Monnot, suggests reducing the time of the location – how often new blocks are created – at six seconds by adjusting the calendar of various blockchain operations.
“The shorter slots times improve the confirmation service, and therefore have the potential to increase the price of the service beyond its place today,” said Monnot, referring to the economic value that the network can capture to provide its basic service as a layer of settlement and confirmation.
The developer is looking for proposalOriginally created in October 2024, to be included in the Glamsterdam update scheduled for the end of 2026. “Until then, we will have made a lot of healthy scaling” and have probably reached blocks with three times the current gas limit and eight times Blob Supplyhe added.