2025-12-30 13:20:21

California's proposed 5% wealth tax targeting residents with over $1B in assets is sparking major pushback from the crypto community. Several crypto executives have voiced strong opposition to the measure, raising concerns about whether such policies could drive capital and talent out of the state. The debate highlights the ongoing tension between government revenue initiatives and the crypto industry's regulatory environment on the West Coast.

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MetaMisery

· 10h ago

California is about to cut the leeks; now those folks in Silicon Valley will have to run away.

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OnlyUpOnly

· 10h ago

Here comes the harvest again, California's recent move is really outrageous

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PumpStrategist

· 10h ago

The 5% asset tax in California signals that the distribution of chips shows capital fleeing. But frankly, this is a typical government mentality—after squeezing retail investors, they target big players. Probabilistically, major crypto whales have already considered migration routes. The interesting point is this: the truly smart money has already left, and latecomers are only now shouting about unfair policies. The pattern has formed, but whether the risk has been fully released remains to be seen.

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SybilAttackVictim

· 10h ago

This move in California is really outrageous. The 5% wealth tax is directly pushing big players out, and the crypto community has long wanted to leave.

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HashBrownies