$XRP
Ripple Co-Founder Leads $40M Push Against California Wealth Tax
This isn't a typical crypto story - but it matters. Ripple co-founder Chris Larsen, alongside venture capitalist Tim Draper, just launched a $40M political effort in California after a proposed wealth tax spooked Silicon Valley. All this is happening while B $BTC keeps the broader market uneasy.
The trigger? A ballot proposal calling for a one-time 5% tax on net worth over $1B, including unrealized gains. Larsen says it "woke a sleeping giant" and plans to personally commit up to $30M. The group will target a small number of state legislative seats, focusing on budgets and public safety - not the governor's race.
The takeaway is simple: as wealth taxes move from theory to reality, crypto-linked capital is starting to organize. Quietly, long-term, and with real money on the table.
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