bloomingbit

South Korea’s Democratic Party is reviewing ways to revise the virtual-asset tax regime, including a further delay, ahead of its scheduled implementation in January next year.
Newsis reported on October 27 that floor leader Han Byung-do told a strategy meeting on the National Assembly’s state audit that the party would review concerns surrounding crypto taxation, gather internal views at a general meeting of lawmakers, and then consult with the government.
Key issues include whether overseas virtual-asset trading records can be secured at a level sufficient for taxation and whether the tax burden could fall disproportionately on users of domestic exchanges. Han also said the party needs to check whether a tax system reflecting actual trading conditions has been put in place.
The Democratic Party plans to gather views at a general meeting of lawmakers later in the day on adjusting the implementation timing and improving the system, then relay those opinions to the government. It also plans to speed up legislation on the Digital Asset Basic Act, which is intended to define the legal nature of virtual assets and establish a broader regulatory framework for the industry.
Kwon Chil-seung, the party’s policy committee chair, said opinion remains sharply divided over whether to proceed with the tax. Concerns center on the lack of a sufficient legal foundation for virtual assets and the possibility of heavier burdens on young investors. At the same time, others argue that gains should be taxed in the interest of tax fairness.
Kim Han-kyu, the senior deputy floor leader for policy, said the party is also reviewing the view that the same tax standards should apply to crypto and other investment assets such as stocks and bonds. With only about two months left before the planned rollout, the Democratic Party intends to move quickly on consultations with the government and finalize its policy direction.
The virtual-asset tax was introduced through a revision to the income tax law in December 2020, but its implementation has been postponed three times because of insufficient investor safeguards and tax infrastructure. Under the current timetable, it would take effect in January 2027.
The presidential office is also discussing another delay to the start of taxation, according to the report. Still, no decision has been made, and the specific direction will be determined through further consultations between the party and the government.

Today’s Top Economic Events
▶ Oct. 27 (Tuesday): △US September durable goods orders (9:30 p.m. Korea Standard Time) △US October consumer confidence index (11 p.m. Korea Standard Time) △Day 1 of the Federal Open Market Committee (FOMC) meeting △Corporate earnings: Visa, Boeing, Coca-Cola, PayPal
Today’s Top Crypto Events
▶ Oct. 27 (Tuesday): △Osmosis (OSMO) v32 upgrade

Strategy, the corporate Bitcoin holder, plans to introduce a structure under which dividends on its preferred stock STRC accrue every calendar day.
Phong Le, Strategy’s chief executive officer, wrote on X on October 26 that the change would be implemented a week later if the daily dividend accrual method for STRC wins approval.
Under the proposal, dividends would accumulate every day on the calendar. That means payouts would be calculated for all dates, including weekends and holidays, unlike traditional financial products that operate on a business-day basis.
Le said STRC would become the world’s first security with dividends accruing daily on a calendar-day basis if the method is adopted.
He added that the change could help accelerate the digital transformation of capital markets. It could also set a new standard for how dividends are calculated for traditional financial products.
The daily dividend accrual method has not yet been approved. Whether it is implemented, and when, will depend on the outcome of that process.

The US Commodity Futures Trading Commission is set to begin discussions on regulating the spread of artificial intelligence-powered automated trading.
Crypto in America reported on October 26 that the CFTC’s innovation task force will hold the Frontier Forum on Super Intelligence on October 28. Participants from the financial, technology and cryptocurrency industries are scheduled to discuss how advances in AI could affect US financial markets and how oversight should evolve.
The event will be the innovation task force’s first forum. The CFTC is advancing two cryptocurrency-related rule proposals and has also started treating oversight of AI-enabled trading systems as a key agenda item.
In particular, AI agents that use blockchain and stablecoins to execute trades without human intervention are drawing attention as a new use case. As AI gains wider use in financial transactions, the need to review how existing regulatory frameworks apply is also increasing.
The cryptocurrency industry has also emphasized the potential of combining AI and blockchain. Gemini co-founder Cameron Winklevoss previously said, “Humans created cryptocurrency, but cryptocurrency is closer to money for machines than for humans.”
Representatives from crypto companies Tempo, Hedera and Chainlink will attend the forum. Executives from AI and trading technology firms Ornn, Liquid Compute and OneChronos are also scheduled to join the discussion.
The Investment Company Institute, which represents the US regulated fund industry, will also attend. The CFTC plans to discuss the direction of AI-based financial trading and the regulatory challenges that come with it with a range of industry participants.

Anthropic, the developer of the Claude artificial intelligence chatbot, has started the process for a US initial public offering.
Cointelegraph reported on October 26 that Anthropic filed an S-1 registration statement with the US Securities and Exchange Commission a day earlier. The company plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol ANT.
The filing shows Anthropic could make its market debut as early as mid-November. The offering timetable and final listing date, however, have not been set.
Anthropic said it generated more than $16 billion in revenue in the first half of this year. Net loss for the same period totaled about $80 billion. The figures indicate the company posted steep losses despite revenue growth driven by the expansion of its AI business.
The company also disclosed its financial position. As of June 30, Anthropic held more than $112 billion in cash and cash equivalents, while short-term investments totaled about $19 billion.
Investors are also watching the size of Anthropic's IPO. Earlier foreign media reports said the company could raise as much as $100 billion through the offering and reach a valuation of $2 trillion. Those figures, however, are market expectations, and the actual offering size has not been finalized.
Anthropic is an AI company founded in 2021 by former OpenAI executives and researchers. Rival OpenAI is reported to have delayed its IPO plans this year. Sam Altman, OpenAI's chief executive officer, said in September that this year was not the right time to pursue a listing.

Bitcoin's bear market has already ended, and now is an appropriate time to add to positions, according to a new analysis.
Alex Thorn, head of research at Galaxy Digital, wrote in a report released on Oct. 26 that Bitcoin's bear market ended in June and has now entered an accumulation phase ahead of a new upswing.
The report cited technical indicators. Bitcoin stopped falling near its 200-week moving average in June and reclaimed its 50-week moving average in September. Similar patterns have appeared in the past after bear markets ended, the report said.
The report also pointed to easing selling pressure as a positive sign. Net long positions held by asset managers in CME Bitcoin futures have dropped 57% from last year's peak, according to the report. By contrast, holdings in spot Bitcoin exchange-traded funds have risen by about 87,000 tokens since the June low.
Thorn said Bitcoin's investment appeal has strengthened. Concerns are growing that fiat currencies will be diluted as U.S. fiscal deficits and debt increase. That could further highlight the value of Bitcoin's limited supply.
He also highlighted rising interest in stablecoins and tokenization in financial markets. In 2015-2016 and 2018-2019, the financial industry's focus shifted from Bitcoin to blockchain technology, and Bitcoin later surged, Thorn wrote. He said the current market backdrop resembles the late stages of past bear markets.
Bitcoin has already shown it can reach $125,000, Thorn added. There is no reason it cannot reclaim that level, with market conditions now supportive, he said.

Oil prices are falling as hopes rise for a breakthrough in talks between the US and Iran. Bitcoin (BTC) held the $80,000 level.
CoinDesk reported on October 26 that Brent crude had fallen more than 6% from the previous session and was trading below $110 a barrel.
Expectations that tensions between the US and Iran could ease appeared to pressure oil prices.
The Financial Times reported that Iran is holding talks with officials from Saudi Arabia, Pakistan and Turkey. Qatari officials had also visited Iran earlier, the report said.
As of 8:10 p.m., Bitcoin was trading at $80,173, down 0.08% from a day earlier, according to CoinMarketCap.

With eight days left until the US midterm elections, attention is also turning to how the result could affect the digital-asset market.
According to BeInCrypto on October 26, Polymarket bettors put the odds of Democrats winning a House majority at 93% and a Senate majority at 65%.
If Democrats ultimately control both chambers, that could weigh on Bitcoin (BTC), the report said.
One factor is the dollar's strength. Glassnode, a digital-asset analytics firm, said Bitcoin's inverse correlation with the dollar has recently reached its strongest level on record. If Democrats rein in the Trump administration's large fiscal spending and ease concerns over the budget deficit, the dollar could strengthen, adding downward pressure on Bitcoin.
Uncertainty over digital-asset regulation is also a major variable. Much of the current US regulatory framework for digital assets depends on policy from the Securities and Exchange Commission and the Commodity Futures Trading Commission. BeInCrypto said that if Democrats control Congress and put the brakes on the Trump administration's legislative agenda, policy could shift further toward executive orders and regulator-led oversight. In that case, existing rules could be revised if the administration changes in the future.
At the same time, Democratic control of Congress could support Bitcoin if it helps ease geopolitical tensions in the Middle East, according to the report. If Democrats limit funding for military operations related to Iran, global oil prices could fall and inflation pressures could ease. That, in turn, could reduce pressure for US rate hikes, weaken the dollar and lift Bitcoin prices.

Evernox, a company that holds XRP in reserve, is seeking additional funding.
According to the U.S. Securities and Exchange Commission on Oct. 26, Evernox on Oct. 23 filed an S-1 registration statement covering up to 5,218,935 common shares.
The filing was made under a stock purchase agreement Evernox signed with investment firm CF Principal Investments.
Based on its closing price of $15.46 a share on Oct. 22, the company said it could raise as much as about $80.7 million.
Evernox plans to use the proceeds for additional XRP purchases, XRP ecosystem-related businesses and general corporate purposes, including working capital.

The US military has completed preparations for a large-scale operation against Iran that could begin within 96 hours if President Donald Trump gives the order, CNN reported.
CNN, citing two US government officials on October 26, said enough forces are already in place in the Middle East to carry out additional strikes. If Trump authorizes the operation, it could begin within 96 hours.
The military action under review would be broader than earlier limited strikes. US Central Command and the Pentagon are considering a wide target list that includes Iranian energy facilities, military bases and nuclear sites. One official described it as a large-scale operation.
A window after the US midterm elections in November is being discussed as the most likely timing for an attack. Trump has not made a final decision, but some current and former US officials think the chances are high that military operations could resume before year-end. Still, he could reverse course at the final stage.
Israel is also pursuing additional strikes on Iran, the report said. Prime Minister Benjamin Netanyahu requested a joint attack before the midterm elections, but the US asked that any operation be delayed until preparations were complete.
US intelligence agencies assess that Iran and Yemen's Houthi rebels could retaliate immediately against US troops and diplomatic facilities in the Middle East if they are attacked by the US or Israel. In response, Washington is moving to reduce staffing at diplomatic missions across the region, including in Saudi Arabia.
Tensions around the Strait of Hormuz are also continuing. The US military is maintaining a maritime blockade of Iranian ports, and General Brad Cooper, commander of US Central Command, visited the Strait of Hormuz on October 25 to review operations. International oil prices have remained elevated on concerns over possible Iranian retaliation, even as tanker traffic has increased.
The White House declined to comment on the report. The Pentagon said military operational planning is a routine mission, leaving uncertainty over whether an actual strike will take place and when.

The Japanese yen is emerging as an effective haven against financial-market shocks tied to the boom in artificial intelligence investment.
Bloomberg reported on October 25 that Goldman Sachs wrote in an October 23 note that, while the global economic backdrop still points to yen weakness, the currency has become a more attractive way than in recent years to protect portfolios tilted toward cyclical assets.
The yen strengthened during last week's global selloff in technology shares. It rose 0.9% against the dollar on October 22 and climbed to its highest level in more than a month on October 23. Demand for haven assets increased as worries over expanding AI investment weighed on stocks and sent US Treasury yields sharply lower.
Goldman Sachs said the AI investment boom has made US stocks and the dollar more sensitive to the risk of slower growth. The bank added that the yen is especially likely to strengthen when stock prices and bond yields fall at the same time.
It also cited changes in Japan's monetary-policy backdrop as a factor strengthening the yen's defensive appeal. The bank said the currency's declines during recent rises in global bond yields have been smaller than they were over the past six to seven years. That contrasts with 2022, when the Bank of Japan kept its yield-curve control policy in place.
Goldman Sachs said an improved policy backdrop in Japan, the yen's relatively undervalued level and the possibility of foreign-exchange intervention are limiting the risk of further declines in the currency. As a result, investors have more reason than in the past to absorb the cost of rate differentials when holding the yen.
In the short term, the bank said it prefers reducing long euro positions to selling the yen against the euro. It sees little chance that the Bank of Japan will signal tighter policy more aggressively than expected at its monetary-policy decision on October 30, and domestic drivers for a clear yen rally remain limited.
Over the medium to long term, however, Goldman Sachs said betting on yen strength against the dollar would be more effective. "To hedge against broader growth concerns or a widespread AI-driven shock, the most effective strategy would be to position for a decline in the dollar-yen exchange rate," the bank said.

Park Soo-young, deputy policy chief of the ruling People Power Party, urged the government to further delay the implementation of virtual-asset taxation and first put in place the related制度 and computer infrastructure.
In a Facebook post on October 26 titled "Announce Confirmation of a Delay in Virtual-Asset Taxation," Park called on the government to quickly finalize its plan to postpone the tax. He stressed that virtual-asset investors are not refusing to pay taxes themselves, but are demanding a fair tax environment.
Park took issue with the continued lack of adequate computer systems needed for taxation. Citing findings from his office, he said the country's five largest virtual-asset exchanges and the National Tax Service exchanged 49 official documents but still failed to complete the relevant systems. He also argued that detailed standards, including which assets would be taxed and how tax amounts would be calculated, have not been sufficiently prepared.
He also warned that difficulty in tracking overseas transactions could undermine tax fairness. Park said the US is set to participate in the Crypto-Asset Reporting Framework, or CARF, from 2029, while China has not even set a participation timetable. That, he added, could leave users of domestic exchanges bearing a disproportionate tax burden.
Park also cited a shrinking virtual-asset market as another reason for a tax delay. Funds flowing into domestic exchanges have dropped to about half their previous level, he wrote, arguing that the investment environment is deteriorating.
He also referred to the presidential office's recent move to review a tax delay. According to Park, discussions advanced four days after he raised concerns over inadequate tax preparations at a National Assembly standing committee and during a parliamentary audit, and held a joint press conference with youth groups.
Park said the government should swiftly decide whether to grant an additional delay while also ensuring the effectiveness and fairness of the tax system. In particular, he urged authorities to complete sufficient institutional preparations first so as not to restrict young people's opportunities to build assets.

The odds of a Federal Reserve rate increase in October have fallen, strengthening market expectations that policymakers will hold rates steady.
Bloomberg reported on October 25 that the probability of an October rate hike implied by interest-rate swaps had dropped below 15%. The move reflects fading expectations for additional tightening as artificial-intelligence shares have slumped and concerns about slowing US economic growth have grown.
The Fed raised its benchmark rate in September for the first time in about three years. Persistent inflation pressures had prompted speculation about additional increases in October and December, but that view began to shift after senior Fed officials repeatedly struck a cautious tone.
John Williams, president of the Federal Reserve Bank of New York, said on September 29 that one additional rate increase this year could be appropriate. Fed Vice Chair Philip Jefferson and Governor Christopher Waller then indicated there was no need to rush further hikes. As a result, the implied probability of an October increase fell from as high as 70% to around 25%.
The US consumer price index released on October 14 posted its fastest increase in five months, triggering market volatility. The perceived odds of a rate hike surged from about 20% to around 50% immediately after the data, but investors later gave back most of that increase as they focused on signals that the Fed would pause.
Fed Chair Kevin Warsh said at the International Monetary Fund's annual meeting on October 16 that he would not prejudge future rate decisions. Still, markets took note that Warsh did not forcefully reject expectations for an October pause even after the inflation data.
Experts said there is a disconnect between economic data and the Fed's policy signals. Ed Al-Hussainy, a portfolio manager at Columbia Threadneedle, said the economic data support a rate increase and that Fed commentary is the only factor separating a hike from a pause.
Neil Dutta, head of economics at Renaissance Macro Research, said there was also a gap between Warsh's message and those of other Fed officials, raising the risk of greater market volatility around each policy meeting. Jamie Patton, co-head of global rates at TCW Group, said markets need to know the rules, but do not right now.

South Korea’s Blue House said it is reviewing whether to further delay the introduction of taxes on virtual assets, but no decision has been made.
Yonhap News TV reported on October 25 that the presidential office was responding to media reports that another delay to crypto taxation was increasingly likely. The Blue House said the matter is under review and that nothing has been decided.
The office is considering several options, including pushing back the start date for the tax again. Some reports say it is leaning toward an additional delay.
Kim Min-seok, leader of the Democratic Party, previously said the issue of crypto taxation should be settled this year and that the party and government would reach a conclusion through intensive talks.
With the Blue House also reviewing a tax delay, discussions between the party and the government could intensify. There is also speculation that the policy may be finalized soon through a high-level consultation involving the party, the government and the presidential office.
Under the current crypto tax framework, income from the transfer or lending of virtual assets is subject to a 22% tax on amounts above an annual deduction of about $1,810. The rate includes a 20% tax on other income and a 2% local income tax.

Israeli Prime Minister Benjamin Netanyahu said Israel is considering the use of blockchain technology and cryptocurrencies as a way to respond to international financial sanctions.
Cointelegraph reported on October 25 that Netanyahu said in an October 23 interview with Israel's Channel 10 that his government was reviewing ways to use blockchain technology and cryptocurrencies to prepare for potential international financial sanctions. Calling blockchain "an alternative to sanctions," he raised the possibility of using it as a national strategic tool.
Recently, 12 Western countries announced sanctions on products tied to Israeli settlements, citing attacks by Jewish settlers on Palestinians and the expansion of settlements in the West Bank. Some have raised the possibility that the measures could spread to Israel's broader economy.
The Bank of Israel, however, opposes Netanyahu's proposal. In a statement, the central bank said cryptocurrencies cannot be used as a means of evading sanctions.
The opposition also criticized the idea ahead of the general election on October 27. Gadi Eisenkot, leader of the Yashar party, referred to Netanyahu's plan as "BibiCoin" in a post on X and called it "a threat to national security."
Experts also said cryptocurrencies would be difficult to use to replace the existing financial system. Israeli journalist Nadav Eyal said crypto could be used to move funds without passing through some traditional banking networks, but it could not replace bank credit or international capital markets.
Ben Samocha, founder of CryptoJungle, also said cryptocurrencies and blockchain are not tools for evading sanctions. He said blockchain transaction tracing can be used to track illicit fund flows, block routes for conversion into fiat currency or freeze assets, making it difficult for the Israeli economy to bypass international sanctions through crypto.

<This week’s key economic events>
▶︎Oct. 26 (Mon.): △Corporate earnings: Verizon
▶︎Oct. 27 (Tue.): △U.S. September durable goods orders (9:30 p.m. Korea Standard Time) △U.S. October consumer confidence index (11 p.m. Korea Standard Time) △Federal Open Market Committee Day 1 △Corporate earnings: Visa, Boeing, Coca-Cola, PayPal
▶︎Oct. 28 (Wed.): △FOMC Day 2 and policy rate decision (3 a.m. Korea Standard Time on Oct. 29) △Fed Chair Kevin Warsh press conference (3:30 a.m. Korea Standard Time on Oct. 29) △Corporate earnings: Alphabet, Microsoft
▶︎Oct. 29 (Thu.): △U.S. weekly initial jobless claims (9:30 p.m. Korea Standard Time) △U.S. September personal consumption expenditures price index (9:30 p.m. Korea Standard Time) △U.S. third-quarter advance gross domestic product reading (9:30 p.m. Korea Standard Time) △Corporate earnings: Amazon, SanDisk, Starbucks, Merck, Caterpillar, Mastercard
▶︎Oct. 30 (Fri.): △U.S. third-quarter employment cost index (9:30 p.m. Korea Standard Time) △Speech by Alberto Musalem, president of the Federal Reserve Bank of St. Louis △Corporate earnings: Exxon Mobil, Chevron, AbbVie
<This week’s key cryptocurrency events>
▶︎Oct. 26 (Mon.): △Flux (FLUX) block reward reduction
▶︎Oct. 27 (Tue.): △Osmosis (OSMO) v32 upgrade
▶︎Oct. 28 (Wed.): △GMX buyback and introduction of an unstaking lock
▶︎Oct. 29 (Thu.): △Velo (VELO) community town hall
▶︎Oct. 30 (Fri.): △No major events

South Korea is increasingly likely to delay taxation on virtual-asset, or cryptocurrency, income again, pushing back a levy scheduled to take effect in January. The Blue House, the country’s presidential office, has tilted toward another deferral, though consultations with the ruling party and a parliamentary review of related legislation still remain.
News1 reported on October 25 that a Blue House official said the administration had decided to postpone the tax in part out of respect for young people’s efforts to build assets. Discussions between the government and the ruling party will move in that direction as well, the official added.
Under the current Income Tax Act, annual income from virtual-asset transfers and lending will be subject to a 22% tax rate, including local income tax, on amounts exceeding a 2.5 million won deduction from next year. The start date has already been postponed three times.
Officials have cited inadequate tax infrastructure and fairness concerns involving users of overseas exchanges as reasons for another delay. In particular, concern has grown that the tax burden could be concentrated on users of domestic exchanges, given that the U.S. is set to join the Crypto-Asset Reporting Framework, or CARF, only from 2029.
The biggest obstacle is that the U.S. does not provide South Korea with tax information, the Blue House official said. If the tax is implemented as scheduled, tax authorities would have to track information on U.S. exchanges one by one.
The ruling party is also pursuing legislation to delay the start of virtual-asset taxation until 2029. The Blue House plans to finalize its position after the annual parliamentary audit concludes and after consultations with the ruling party.

South Korean stocks are poised to search for direction this week as investors digest the US Federal Open Market Committee meeting and third-quarter earnings from Samsung Electronics Co. and SK Hynix Inc., with the Kospi expected to consolidate near its recent lows.
NH Investment & Securities on October 25 forecast the Kospi would trade in a 5,100-6,400 range this week. The benchmark index held the 5,500 level on October 23 after trimming losses when SK Hynix said it would stop reviewing an initial public offering for its US subsidiary Solidigm.
Investor attention is centered on the Fed's October 27-28 FOMC meeting. The rate decision is due at 2 p.m. on October 28 in Washington, or 3 a.m. in Seoul on October 29.
Markets had initially favored another rate increase following last month's move by the US central bank. That view softened after New York Fed President John Williams said inflation remains too high and another rate increase later this year could be appropriate, while adding that policymakers have time to review incoming data and do not need to rush because of the action taken at the September meeting.
The probability of a 25-basis-point increase in October reflected in CME FedWatch also fell to about 50% from 70% after Williams's remarks.
Lee Kyung-min, an analyst at Daishin Securities, said the market would focus more on the future path of monetary policy than on the rate decision itself. A stronger-than-expected US consumer price index reading for September, along with lingering inflation pressure from rising oil prices, could limit any stock rebound if the Fed reinforces its tightening path at this meeting, he added.
In South Korea, third-quarter earnings from Samsung Electronics and SK Hynix are a key variable. SK Hynix will release results on October 28 and Samsung Electronics on October 29.
Samsung Electronics earlier said in its preliminary third-quarter results that it posted operating profit of 107.4 trillion won. SK Hynix is also expected to post record earnings. Consensus compiled by the securities industry puts SK Hynix's third-quarter revenue at 98.2257 trillion won and operating profit at 76.964 trillion won.
Even so, investors may focus less on the headline earnings figures than on the profit outlook and additional shareholder return measures. Concerns about the sustainability of AI spending have grown after worries over credit risk tied to US company CoreWeave's corporate bonds and the financial burden from Meta Platforms Inc.'s expanded investment in artificial intelligence came into focus.
Samsung Electronics and SK Hynix recently completed share buybacks worth about 15 trillion won and 40 trillion won, respectively. Samsung has also said it plans additional shareholder returns of as much as 110 trillion won this year.
The market is watching whether Samsung will announce additional cash dividends and share buybacks and cancellations. Investors are also looking to see whether SK Hynix will unveil further shareholder return measures to ease concerns over a duplicate listing that emerged during the review of a Solidigm listing.
Na Jung-hwan, an analyst at NH Investment & Securities, said SK Hynix is estimated to have more than 30 trillion won available for additional shareholder returns. If a large-scale share buyback is confirmed, purchases by other corporations could absorb part of foreign investors' selling and help ease the Kospi's supply-demand imbalance.
Hwang San-hae, an analyst at LS Securities, said semiconductor earnings should help curb share-price volatility stemming from macroeconomic anxiety. Still, he said the market is more likely to build a floor through broader participation than stage a sharp rebound in the index. He advised investors to keep exposure to defensive sectors rather than indiscriminately increasing positions based solely on valuation appeal.

President Donald Trump said both another military strike on Iran and the possibility of a negotiated settlement remain on the table.
Crypto media outlet BlockBeats reported on October 25 that Trump said in a recent speech the Iran issue may need to be fully resolved, or the two sides could reach an agreement.
"Either way, we will win," Trump said. He added that there is a chance the US attacks Iran and also a chance of reaching a big, favorable deal with Tehran.
Trump also said Iran wants a deal.