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New York’s Crypto Tax Windfall: $158M Annual Revenue on the Horizon, Says Lawmaker

New York’s Crypto Tax Windfall: $158M Annual Revenue on the Horizon, Says Lawmaker

Author:
decryptCO
Published:
2025-08-15 18:56:54
18
1

New York Crypto Tax Could Generate $158 Million a Year, Says Lawmaker

New York is cashing in on crypto—hard. A proposed state tax could funnel $158 million into government coffers annually, according to bullish lawmakers.

Taxman cometh for HODLers

The Empire State's latest revenue grab targets digital asset transactions, proving regulators still see crypto as an ATM rather than infrastructure. Expect more wallet-emptying moves as other states smell blood in the water.

Wall Street's new favorite piggy bank

While DeFi builders innovate, old-school finance vultures circle—because why foster innovation when you can just tax it? The $158 million figure reveals how mainstream crypto's become...and how desperate governments are to milk it dry.

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