The German finance ministry proposed ending tax-free gains for long-term holders, with coins bought after December 31, 2026 facing a flat 25% tax on sale. The current one-year holding rule has made Germany one of the more favorable jurisdictions in Europe for patient holders. The draft still requires parliamentary approval. Separately, the CFTC cleared Singapore Exchange crypto perpetual futures for US institutional access, and Bessent publicly pressed the Senate to move the Clarity Act ahead of its September 15 vote.