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Crypto and Tech Billionaires Warn of California Exodus Over Proposed 5% ‘Unrealized Gains’ Wealth Tax

December 29, 2025 by jad

California’s proposed 5% wealth tax on unrealized gains has sparked a heated debate, with crypto and tech billionaires warning of a potential exodus from the state.

Crypto heavyweights slam proposed 5% wealth tax in California

December 29, 2025 by jad

Crypto executives, including Bitwise CEO Hunter Horsley and Castle Island Ventures founding partner Nic Carter, have strongly opposed a proposed 5% billionaire tax in California, arguing it could drive away talent and stifle innovation.

Categories News Tags AI Art, banking innovation, Bitwise, California, Castle Island Ventures, crypto tax, Hunter Horsley, Nic Carter, tech industry, Wealth Tax

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