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Kamala Harris Capital Gains Tax Proposal Puts Bitcoin and Crypto In Pressure

Kamala Harris’s proposal for a capital gains tax increase has put pressure on the Bitcoin and cryptocurrency market. Reports indicate that Vice President Harris is supporting President Biden’s budget proposal, which includes a significant 45% capital gains tax on long-term investments in the United States. Additionally, she is contemplating implementing a 25% tax on unrealized gains. This news has caused anxiety in the crypto market, resulting in Bitcoin and altcoins experiencing a decline in value over the past few hours.