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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LiquidityOracle

· 16h ago

Trying to squeeze the rich again? California's approach is a bit harsh—just push the big players out of the state.

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Token_Sherpa

· 19h ago

ah here we go again... another wealth tax that'll just shuffle capital across state lines. tbh the real question isn't whether founders leave cali, it's why anyone with serious tokenomics literacy would stay in the first place lol

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MoonWaterDroplets

· 2025-12-31 04:34

Here comes the pump and dump again. California is trying to drive out the big players, right?

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MetaMisery

· 2025-12-30 13:50

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

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OnlyUpOnly

· 2025-12-30 13:48

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

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PumpStrategist

· 2025-12-30 13:45

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

· 2025-12-30 13:43

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

· 2025-12-30 13:38

This move in California is really outrageous. Once the wealthy tax is implemented, those big shots in Silicon Valley will probably have to flee.

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TestnetNomad