Kamala Harris’s proposed 25% tax on unrealized gains targets high-net-worth individuals, specifically those with more than $100 million in assets. This aligns with the Biden administration's broader tax plan, which also seeks to increase capital gains taxes and corporate tax rates. While the proposal aims to raise $5 trillion in revenue over the next decade to reduce the national deficit, it raises concerns about its economic impact. Critics argue that taxing unrealized gains—essentially, profits that haven’t been realized through sales—could lead to market instability, as investors might sell off assets to avoid future taxes, potentially causing market disruptions.

In parallel, decentralized finance (DeFi) and Web3 technology are continuing to evolve. Companies like dappOS are paving the way for broader adoption of Web3 technology, making decentralized applications more accessible and profitable through their Intent Execution Network. With partnerships such as the one with Binance Web3 Wallet, dappOS is simplifying the user experience and driving engagement, positioning itself as a key player in the future of decentralized finance.

These developments highlight the complex interplay between government policy and technological innovation, both of which will shape the financial landscape in the coming years.#kamalaharis #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek