Overview
- Fernando Haddad resigned to run for São Paulo governor and was officially replaced by Dario Durigan, according to Brazil’s official gazette.
- Durigan intends to delay contentious tax initiatives, including rules on crypto taxation, according to Reuters sources familiar with the plans.
- A planned public consultation on crypto taxation has been put on hold following a central bank rule that treated certain crypto flows like foreign exchange, Reuters reported.
- Proposals to end tax exemptions on some investment securities could be deferred to a new presidential term in 2027, people familiar with the discussions told Reuters.
- Durigan’s near‑term agenda will emphasize microeconomic measures such as big tech regulation, bank crisis‑management rules, and the Redata data‑center program, with Lula urging a pro‑growth business message.