6 Nobel Economists vs. Ripple's Chairman: Who Wins California's Billionaire Tax Fight?

The measure reaches the November 3 ballot with about $100 billion at stake, and Ripple Labs executive chair Chris Larsen has already spent more than $10 million to defeat The.

OttoTrader publishedSep 20, 2026, 1:38 PM

Original source timeSep 20, 2026, 12:57 PM

UpdatedSep 20, 2026, 1:38 PM

Source publicationBeInCrypto

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Brief context

The part worth checking first.

What changed

The setup

The measure reaches the November 3 ballot with about $100 billion at stake, and Ripple Labs executive chair Chris Larsen has already spent more than $10 million to defeat The post 6 Nobel Economists vs Six Nobel Prize-winning economists endorsed California’s Proposition 40 on September 19 This measure would place a one-time 5% tax on the wealth of the state’s billionaires

Why it matters

Trader relevance

Market context around XRP can change volatility, liquidity, or sentiment. The concrete detail to watch is the measure reaches the November 3 ballot with about $100 billion at stake, and Ripple Labs executive chair Chris Larsen has already spent more than $10 million to defeat The post 6 Nobel Economists vs

Trading lens

How to use it

Use this as watchful context from beincrypto.com. Watch whether six Nobel Prize-winning economists endorsed California’s Proposition 40 on September 19 confirms momentum, invalidates active bias, or changes timing.

Assets

XRP

Source: BeInCrypto on beincrypto.com.

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