California crypto startup moves to South Dakota as debate over proposed wealth tax heats up

People walk on a street in downtown Sioux Falls, S.D. (Emily Spartz Weerheim / For The Times) California cryptocurrency startup BitGo has moved to South Dakota ahead of its initial public offering and amid a heated debate about a proposed ballot measure to tax billionaires. Read more: Explaining California's billionaire tax: The proposals, the backlash and the exodus The company that had been based in Palo Alto is now based in Sioux Falls, S.D., according to a December filing to the U.S. Securities and E ...