Crypto Industry Slams California’s Proposed Tax on Unrealized Gains

Dec 29, 2025 - 08:45
Crypto Industry Slams California’s Proposed Tax on Unrealized Gains
California’s proposed billionaire wealth tax faces crypto backlash, raising concerns over capital flight, innovation risks, and funding healthcare amid fiscal uncertainty. California has proposed a new wealth tax targeting billionaires, prompting strong criticism from crypto industry leaders statewide. Nevertheless, advocates claim that the plan would stabilize the financing of healthcare in the face of the...

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