The Netherlands just passed a 36% unrealized gains tax on crypto, stocks, and bonds -- and it takes effect in 2028. That means if your Bitcoin goes up in value, you owe taxes even if you never sold. In this video, we break down exactly how the new "Actual Return in Box 3 Act" works, why it creates a dangerous liquidity death spiral for investors, and why this could be the beginning of a global trend as cash-strapped governments look for new revenue sources. We also look at the historical failures of wealth ...

A new 36% unrealized gains tax passed in the Netherlands. This means assets that have increased in value are now taxed, even if not sold. See the devastating impact on wealth growth over 10 years. #CryptoTax #Netherlands #IvanClips https://t.co/OMzGMofQhw ...

RT Max Keiser (@maxkeiser)Capitalism started in 1602 in the Netherlands with the world’s first stock exchange.Capitalism just died in the Netherlands in 2026 with the first unrealized gains tax.Neofeudalism is here.We are all serfs now. ...

RT Robert Baggs (@rkbaggs)What do you think is the biggest threat to Bitcoin? Quantum? If you're in the Netherlands, like @gazza_jenks, it might simply be unrealized gains tax!To @davidmarcus of @lightspark, however, the answer is closer to Bitcoin's original mission... 👇 https://t.co/el9TieDXbg ...

Group 1: Regulatory Environment - U.S. crypto regulation is facing increased political scrutiny, with lawmakers and regulators shaping a volatile landscape for digital asset firms and investors [1] - Representative Maxine Waters is pressuring the SEC to hold an oversight hearing regarding its decision to drop several major crypto enforcement cases, which she describes as unprecedented [2][3] - The perceived rollback of crypto enforcement is becoming a significant issue in Washington, indicating that congressional oversight is back on the agenda [3] Group 2: State-Level Tax Implications - A proposed California ballot initiative, the 2026 Billionaire Tax Act, could impose a one-time 5% tax on net wealth exceeding $1 billion, including unrealized gains, raising concerns among crypto and tech leaders [4] - Industry leaders warn that this tax could lead to an exodus of high-net-worth individuals from California, disrupting startups and investment flows [5] - Critics argue that taxing unrealized gains could undermine the financial structure of private companies, potentially reshaping the geographic distribution of crypto capital in the U.S. [5] Group 3: Company-Specific Issues - Nasdaq-listed crypto firm ALT5 Sigma is under regulatory scrutiny due to its newly appointed auditor being barred from performing audits because of an expired license [6] - The firm replaced its previous auditor after failing to file third-quarter results on time, raising concerns about its financial reporting practices [6]

Cryptocurrency Investment - An individual, Jerry, invested $3,217 in Bitcoin in 2018 [1] - Jerry's Bitcoin investment is now worth approximately $119,000, resulting in roughly $115,000 in unrealized gains [1] Taxation - The government is considering taxing unrealized gains on cryptocurrency investments annually [1] - Yellen indicated the potential taxation of unrealized gains [1]