Kamala Harris’s Tax Plan Could Trigger Crypto Market Sell-off

Quick Summary:

Zac Townsend, CEO and co-founder of Meanwhile, has expressed concerns about Kamala Harris’s proposed 25% unrealized capital gains tax.

Townsend, a vocal critic of the plan, warns that the tax could lead to a significant sell-off in crypto markets and harm investors across the board.

While it aims to address inequalities within the current tax system, the policy has stirred unrest among investors.

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Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets: IndiaUnited States

Topics: Donald trump 24/7 Cryptocurrency News Kamala harris Crypto tax US elections

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 21:20:37 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 496 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22853678

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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Year Established: 2017

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News Last Updated: 10 hours ago

Coverage Areas: India

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