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Crypto Leaders Push Back Against California’s Proposed 5% Billionaire Wealth Tax
Tech and crypto industry leaders are sounding the alarm over a proposed 5% “billionaire wealth tax” in California, warning that it could drive entrepreneurs, investors, and innovators in the blockchain and digital‐asset ecosystems out of the state. Prominent founders, venture capitalists, and crypto executives have publicly criticized the proposal, arguing that it unfairly targets wealth creation, undermines economic competitiveness, and could deter innovation in one of the world’s largest tech hubs. For the crypto sector, which is already grappling with questions around federal regulation, compliance ... (full story)
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