Are Bitcoin (BTC) Whales Targeted With 1% Wealth Tax?

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Some individuals commented that the 1% tax could be part of an effort from the government to regulate the market and prevent whales from manipulating the price of Bitcoin. However, the bill, which has been dispelled as false, is intended to address the growing inequalities in the United States. According to the proposal, individuals and entities holding substantial wealth in the form of crypto are expected to contribute their quota to support public services and investments., cryptocurrencies are classified as capital assets by the IRS in the U.S.

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