Ahead of the National Assembly's regular session opening on September 1, the conflict between ruling and opposition parties over crypto taxation is intensifying. While the People Power Party has been applying pressure by proposing various bills ranging from complete abolition to a 2–3 year deferral, the majority Democratic Party officially declared on the 20th that 'there will be no more deferrals,' effectively drawing a line in the sand. They maintain that they will uphold the principle of taxing income wherever it exists.

Consequently, a massive clash is expected in the September session over the 22% crypto income tax law scheduled to take effect in January 2027. The opposition party plans to prioritize the second phase of crypto legislation to refine market rules and appease investor frustration over the tax; however, it appears difficult to fully alleviate investor anxiety regarding the low deduction threshold and the lack of loss carry-forward provisions.

Government ministries are already accelerating system construction, with the National Tax Service rushing to establish tax guidelines based on the Ministry of Economy and Finance's tax reform bill. However, given past precedents where deferrals were agreed upon at the last minute due to intense public pressure during previous parliamentary negotiations, we will have to see if the scale of individual investor backlash can once again trigger a last-minute dramatic resolution.