KEY POINTS
- The leaked economic plan, said to have been originally Biden's, includes a tax on unrealized gains
- TRES Finance's Tal Zackon said such a tax is 'counterproductive' for the crypto industry
- The tax plan could push large holders and investors out of the U.S. and into friendlier jurisdictions, he said
- Harris has yet to confirm whether she will actually implement such a tax on unsold assets
- She has also yet to publicly discuss her views on cryptocurrencies and the industry as a whole
Political backers of Vice President Kamala Harris have said some Democrats, the Democratic presidential nominee included, are looking to "reset" the party's engagement with the cryptocurrency community. However, a leaked tax plan that Harris supposedly endorsed has irked many in the industry, as the economic blueprint includes taxing unsold assets.
