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Crypto Magnates Fund $40 Million Push Against California Wealth Tax and Union Influence

Crypto Funds $40M Push Against CA Tax

Dario Cesaro avatar
Written by Dario Cesaro
Updated over a week ago

Two prominent figures in the cryptocurrency world, Chris Larsen and Tim Draper, are injecting $40 million into California politics to support moderate, business-friendly candidates and counter the influence of labor unions. This significant financial commitment aims to reshape the state legislature and influence policy debates, particularly concerning a proposed wealth tax.

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