BlockBeats news, October 3, Among Us CEO and co-founder Zac Townsend said that Harris's proposed unrealized capital gains tax will harm cryptocurrency investors.
It is reported that the core of the unrealized capital gains tax is to require individuals to pay taxes on the increased value of their cryptocurrency holdings, even if they have not made a single sale. ac pointed out that the bill is very different from traditional tax principles, which only apply to gains realized when assets are sold.
The plan will have devastating consequences for cryptocurrency investors and the broader economy, and undermine the intrinsic value of cryptocurrency as a means of storing value that is not controlled by any single government. Because it encourages large investors to sell assets to pay taxes. This sell-off will depress the price of cryptocurrencies and affect the returns of everyday investors, including those who only invest a small amount of money in the hope of improving their economic situation. (CoinDesk)