LDP Lawmaker Taira Confident on On-Chain Finance Direction After U.S. Visit

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Taira Masaaki, a lawmaker from the Liberal Democratic Party, has disclosed the results of a U.S. visit in late August to Washington, D.C. and New York. As part of a trip by the Parliamentary League for Blockchain Promotion, for which he serves as acting chairman, Taira, together with league executive Kanda Junichi and others, energetically toured major private companies including Circle, the issuer of the dollar-denominated stablecoin USDC, as well as BlackRock and JPMorgan, and regulatory authorities such as the Securities and Exchange Commission and the Commodity Futures Trading Commission. Taira said it was striking that emerging companies in areas like stablecoins and traditional financial operators are not in conflict but are converging, and indicated his view that Japan still has room to make a comeback. He also noted that SEC Commissioner Hester Peirce said that ensuring access is itself investor protection, and analyzed that the United States moves quickly because it acts with conviction as a country of self-responsibility. Taira cited the tokenization of Bank of Japan current deposits as the most important issue for Japan, pointing out that if the Bank of Japan does not respond to on-chain efforts it could hold back the entire field, and expressed the view that a concrete schedule needs to be laid out.

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