Six Nobel Prize-winning economists endorsed California's Proposition 40, which proposes a one-time 5% tax on the wealth of the state's billionaires, potentially raising $100 billion. The economists highlighted that California's top 0.001% wealth grew from $700 billion to $2.3 trillion over ten years, paying an effective state tax rate of only 1.6% on recent gains. Ripple Labs executive chair Chris Larsen, worth $8.4 billion, has spent over $10 million opposing the tax, which could cost him about $420 million. The tax faces opposition from wealthy individuals and committees funding rival measures that could cancel the billionaire tax even if it passes in November.
The debate over California's billionaire tax has Ripple's chairman Chris Larsen in the spotlight, whose wealth could be significantly impacted. On Pluang, XRP trades at Rp24,374 with a market cap of Rp1.539,85 trillion as of Sep 20, 2026 20:22 WIB. The token saw a 4.48% decline in the last day, with a balanced mix of 44% sell and 56% buy orders, and investors typically hold XRP for about 71 days on the platform.
Dom Kwok, co-founder of EasyA, renewed his $1,000 XRP price forecast following meetings with the White House Council of Economic Advisers and other US regulators amid stalled crypto legislation. XRP currently trades near $1.40 with a market cap of $8...
Volatility Shares has postponed the effective date for its proposed 3x XRP ETF to October 18, 2026, according to a recent regulatory filing. This filing only delays the registration statement's effectiveness and does not confirm the ETF will start tr...
XRP Ledger’s Batch V1.1 amendment is on track for activation around September 29, supported by 30 of 35 validators, surpassing the 80% threshold needed. This upgrade allows bundling up to eight transactions into one atomic operation, enabling linked ...
The article explains the XRP Ledger, the blockchain behind the cryptocurrency XRP, highlighting its unique consensus mechanism without mining, fast transaction finality, and low fees. It clarifies the distinction between the XRP Ledger (the network),...
XRP Ledger Batch V1.1, an upgrade allowing up to eight linked transactions to settle together or fail as one, is moving toward activation with support from 30 of 35 validators. This feature enables delivery-versus-payment, linking asset transfers and...
