Coinbase CEO Considers Exiting California Over Proposed Billionaire Wealth Tax
Coinbase CEO Brian Armstrong said he is considering leaving California if voters approve Prop 40’s proposed one-time 5% wealth tax on billionaires. In a podcast appearance, he claimed tech founders are fleeing the state and warned Coinbase could follow, while noting the firm has a large San Francisco office lease and linking his opposition to alleged fraud and waste in government.