Japan's JPX Considers Excluding Crypto-Heavy Firms from TOPIX

Metaplanet's Bitcoin Strategy Head, Dylan LeClair, announced at the 'Bitcoin 2026' conference that the Japan Exchange Group (JPX) is seeking public feedback on a proposed regulation. According to Foresight News, the regulation aims to exclude companies with over 50% of their assets in cryptocurrencies from the Tokyo Stock Price Index (TOPIX). This proposal could directly affect companies like Metaplanet, Remixpoint, and ANAP Holdings in their plans for inclusion in the October 2026 index. LeClair urged the global community to sign a joint letter on the Bitcoin for Corporations website, with the public consultation period ending on May 7. He expressed optimism about the outcome, noting Japan's generally pro-Bitcoin regulatory and policy stance. Previously, the U.S. MSCI decided not to implement an earlier proposal to exclude Digital Asset Reserve Companies (DAT) from the MSCI Global Investable Market Index during its February 2026 index review.