Ripple Exec Says Bernie Sanders' 50% AI Stock Tax Is Nonsense: Here's The Bill That Triggered Him

Senator Bernie Sanders proposes 50% equity tax on AI labs to fund American AI Sovereign Wealth Fund

Sanders proposes 50% equity tax on OpenAI, Anthropic, xAI for a sovereign wealth fund. The proposal creates headline risk during AI company fundraising and signals political pressure to regulate foundation model ownership, complicating OpenAI's for-profit transition.