-
California Billionaire Tax Sparks Crypto Backlash Ahead of 2026
California’s proposed 5% tax on billionaire wealth has triggered sharp reactions from crypto executives, who warn it could drive capital and entrepreneurs out of the state before 2026. The ballot initiative, called the 2026 Billionaire Tax Act, seeks to tax net wealth above $1 billion to fund healthcare and state assistance programs. The SEIU United Healthcare Workers West union submitted the proposal for the November 2026 ballot. If approved, the tax would apply retroactively to individuals who lived in California as of Jan. 1, 2026. It would include unrealized gains, which may force asset sales. At the same time, ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From moneycheck.com|Dec 29, 2025The crypto sector is returning to public markets after a slow period, with firms raising $3.4 billion through initial public offerings in 2025. Analysts note that investors are ...
From youtube.com/cnbctelevision|Dec 29, 2025Brett Knoblauch, Cantor Fitzgerald, joins 'The Exchange' to talk if bitcoin is in a 'crypto winter' at the moment and what is ahead for the crypto trade.
From @financialjuice|Dec 29, 2025|7 commentsTrump: I will announce Powell's replacement probably in January. TRUMP: I AM CONSIDERING BRINGING A LAWSUIT AGAINST POWELL FOR INCOMPETENCE TRUMP: I WOULD LOVE TO FIRE POWELL, BUT WE’RE SO CLOSE, AND I STILL MAY TRUMP: WE HAVE A FOOL AT FEDERAL RESERVE TRUMP: WILL ANNOUNCE FED CHAIR AT RIGHT TIME, PLENTY OF TIME
-
- Newer Stories
From financemagnates.com|Dec 29, 2025Sberbank has extended Russia’s first crypto-backed loan to Intelion Data, one of the country’s largest Bitcoin miners. The pilot deal uses Bitcoin mined by Intelion as collateral, ...
From bowtiedlobster.substack.com|Dec 29, 2025In my discussions about BTC, the idea of debasement protection or inflation hedging comes up fairly often alongside the reasoning that BTC’s natural scarcity is relevant to these ...
From timesofisrael.com|Dec 29, 2025|1 commentOutgoing New York City Mayor Eric Adams said on Monday, in one of his final appearances as mayor, that his first steps after leaving office will include using cryptocurrency to ...
