Crypto billionaires in California are threatening to leave the state, but are they ready to make good on their promise, or is an impending wealth exodus more of a paper tiger?
Aaron Wood
Aaron Wood is a senior writer in the Features team at Cointelegraph, covering stories about crypto and policy, regulation, politics and energy usage. Aaron holds degrees in Political Science and Economics. Previous to working at Cointelegraph, Aaron worked on election campaigns for the Democratic Farm-Labor Party in Minnesota and was a managing and technical editor at the ENERPO newsletter and academic journal at the European University in St Petersburg. Aaron holds Bitcoin and Ethereum above Cointelegraph’s disclosure threshold of $1,000.
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Crypto rich threaten to leave California after new tax: Is it a bluff? - Analysis
Russia cracks down on illegal crypto miners, India lobbies for CBDCs: Global Express India is urging other countries to develop CBDCs, and China is expanding the use of its digital yuan, allowing banks to offer interest on e-CNY wallets.
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Strategy accumulates over 22,000 Bitcoin, RWAs top $19 billion: December in Charts The Bitcoin price slump at the end of the year hasn’t discouraged Michael Saylor’s Strategy from buying over 22,000 BTC in December alone.
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El Salvador’s Bitcoin aspirations were brought closer to earth in 2025 Four years ago, El Salvador started its ambitious Bitcoin adoption strategy. But in 2025, that plan came to a head with the International Monetary Fund.
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Trump’s World Liberty Financial token ends 2025 down over 40% The Trump family’s crypto project, World Liberty Financial, has seen its fair share of controversy, and its token is ending the year significantly down.
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How prediction markets raise insider trading and credit risks Prediction markets may be providing a way of turning opinions into financial products, but they may also pose financial risks and opportunities for insider trading.
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EU may consolidate crypto regulations, IMF warns of stablecoin risk: Global Express The IMF and South Africa’s central bank are still concerned about stablecoins, while in the US, spot crypto products can now be traded on futures markets.
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Japan’s new crypto tax could wake ‘sleeping giant’ of retail investors The crypto industry in Japan is poised for a surge in growth among retail investors, observers say, as the government plans to introduce a moderate 20% tax.
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Bitcoin price down 20%, stablecoin market cap down $2B: November in charts Bitcoin’s price was down this month nearly 20% as markets worry about lower interest rates and a possible financial bubble in the AI industry.
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Fiat inflation drives crypto adoption across the globe Global inflation has slowed down, but in many countries, crypto is still providing an attractive and viable alternative to the local monetary system.
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Who’s Kevin Hassett, Trump’s reported crypto-friendly pick for the Fed? Kevin Hassett, a White House economic adviser, has reportedly emerged as a leader among the Trump administration’s short list to replace Jerome Powell.
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Crypto lawyer faces uphill battle in New York attorney general race A former lawyer for Coinbase, Khurram Dara, has thrown his hat in the race for New York attorney general. But incumbent Letitia James has a strong foothold, and a Republican hasn't won in 30 years.
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How euro stablecoins could address EU’s dollar concerns The ECB is concerned that US dollar stablecoins could weaken its ability to affect policy, and European issuers have ideas about how this could be solved.
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Institutions lean into crypto despite Bitcoin price slump Institutions across the globe are adopting cryptocurrency, offering new services and buying into blockchain tech, despite slumping Bitcoin price.
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UK central bank still ‘disproportionately cautious’ about stablecoins Some crypto industry observers believe that the Bank of England’s new proposed regulations for stablecoins are unnecessarily restrictive.
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Bitcoin price boom isn’t guaranteed after US shutdown: Here’s why The end of Trump's last US government shutdown back in 2019 saw a boom in crypto markets, but things are a bit different this time around.
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Thodex CEO found dead: How this $2B crypto scam changed Turkish law The CEO of former crypto exchange Thodex was found dead in his prison cell. He was serving time for a $2-billion exit scam.
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5 privacy coins that are pumping this week Privacy coins are on a tear this week, with Zcash flipping Monero for the largest privacy coin.
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What Mamdani’s mayoral win means for crypto in New York Zohran Mamdani has won the New York City mayor’s race, and the city’s crypto industry is waiting to see how his administration will affect business.
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Bitcoin ends ‘Uptober’ in the red, BNB activity spikes: October in charts This month saw the first “Uptober” in seven years to finish with Bitcoin in the red. Meanwhile, BNB takes off thanks to memecoins.
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Who is Michael Selig? Trump nominates pro-crypto lawyer to head CFTC The Trump administration has appointed Michael Selig, a pro-crypto lawyer and SEC counsel, to head up the CFTC.
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Trump’s crypto pardons raise ethics and corruption concerns President Donald Trump has pardoned CZ, marking another act of clemency for a prominent figure in the crypto industry that signals a concerning trend.
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Milei’s party wins midterms, but crypto won’t celebrate Milei’s LLA made a good showing in the midterm elections, but that doesn’t necessarily spell victory for the crypto industry.
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Countries across Africa approve new crypto laws as adoption grows Crypto laws are popping up across Africa as countries race to offer favorable conditions to the crypto industry and balance consumer safety concerns.
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WazirX shutdown ends, UK watchdog targets HTX: Global Express Indian exchange WazirX has ended its more than year-long shutdown, while the FCA is going after unregistered exchanges in the UK.
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Andrew Cuomo’s crypto Hail Mary unlikely to give an edge over Mamdani As the New York mayor’s race draws to a culmination, Andrew Cuomo has developed a crypto and AI strategy for the city.
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Lost your Bitcoin in California? You might get it all back California’s new law states that abandoned Bitcoin can’t be immediately sold by the state, which may ease recovery and lower burdens on exchanges.
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Democrats counter US crypto framework; bill grinds to a halt The crypto framework law in the Senate is now on pause as lawmakers debate possible new amendments.
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Six global policy changes that affected crypto this week Major policy changes worldwide are shaping how the crypto industry will operate.
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‘Uptober’ marks 21 crypto ETF filings as Bitcoin climbs Bitcoin’s price spiked, and ETF inflows are on a tear as “Uptober” just gets started.