Coinbase’s chief, Brian Armstrong, is contemplating a significant move: potentially relocating his company out of California in response to what he calls the state’s “deeply un-American” proposed wealth tax.

Speaking candidly on “The Katie Miller Podcast” earlier this week, Armstrong expressed concern over the exodus of tech entrepreneurs from California, spurred by the state’s unprecedented proposal to tax billionaires. His company, with its main office nestled in San Francisco, could soon join the migration.

Armstrong, whose net worth is pegged at $8.8 billion by Forbes, did not hold back his criticism. “I think it’s deeply un-American to seize people’s assets. It might be unconstitutional,” he declared, underlining a deep unease with policies targeting the affluent.

He acknowledged paying substantial taxes on his income and emphasized his willingness to continue doing so. However, Armstrong argued that an additional levy on wealth and assets veers California towards a “third-world” status, describing it as a perilous direction for governance.

“It’s against my values, I would say,” Armstrong added, highlighting his belief that such measures harm not only California but the nation as a whole. “So we’re considering any and all options basically at this point in terms of relocation,” he concluded, signaling openness to exploring every possibility beyond the Golden State.

The exec added that he wouldn’t be so opposed to additional taxes if there wasn’t so much fraud and waste in the government.

Armstrong told CNBC last week that he’s considering relocating his home out of California by the end of the year.

As of June, Coinbase – an American crypto exchange and wallet platform with venture capitalist powerhouse Marc Andreessen on its board – employed 4,300 workers internationally. 

The company insists it is a remote-first operation – but last May it signed a lease for 150,000 square feet of San Francisco office space. That came just four years after it paid $25 million to break its previous office lease in the same city.

Coinbase also operates offices in New York, North Carolina, London, Singapore, Luxembourg, Dublin and Bangalore, India, as well as many remote positions, according to its website.

It is unclear how many people Coinbase employs in California. The company did not respond to The Post’s requests for comment.

Prop 40, California’s proposed billionaire tax, would impose a one-time 5% tax on the net worth of roughly 200 billionaires living in the Golden State. 

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Mega-rich techies have pumped millions of dollars into a campaign to kill the tax. Google co-founder Sergey Brin has spent more than $100 million fighting the rule, which would cost him more than $13 billion personally.

Meta founder Mark Zuckerberg reportedly bought a $170 million mansion near Miami this year while venture capitalist Peter Thiel, ex-Uber CEO Travis Kalanick and Google co-founder Larry Page have fled the state.

Even California’s Democratic Gov. Gavin Newsom has opposed the tax, warning it could hurt the state’s economy. Still, he’s backed a “national billionaires’ tax,” saying today’s office worker shouldn’t have to “shoulder a higher tax rate than the heiress.”

Californians are set to vote on the billionaire tax in November. If enacted, 90% of funding it raises would go toward healthcare services in the Golden State, while the remaining 10% would be spent on food assistance and education.

The ballot comes ahead of President Trump’s expected budget cuts next year. The state’s Medicaid program alone is predicted to lose up to $30 billion in federal funding.

Armstrong on Tuesday praised Trump for his friendly approach toward the cryptocurrency industry – while bashing former President Joe Biden and Sen. Elizabeth Warren (D-Mass.).

The Coinbase boss said Trump recognized in 2024 that there was a “massive voter base” of pro-crypto Americans.

“By the way, it wasn’t just like a good political opportunity,” Armstrong added. “He recognized that for the United States to stay relevant as a financial and technology hub, we have to embrace this … because if not, it’s all going to go offshore.”

“It’s not like you can uninvent crypto at this point, right?  Like someone is going to do it in the world. You can’t just bury your head in the sand. So whether you like crypto or hate crypto, you got to put clear rules in the book so it can be built here in America.”

He accused the Biden administration of “an active campaign to try to curtail or even kill” the crypto industry, adding that Warren “had lots of influence with the financial regulators at that time.”

Last week, Armstrong attended a White House event alongside several other crypto CEOs where Trump pressured Congress to pass the Clarity Act, a crypto regulation bill, by the end of this year.

After Trump’s re-election win, Armstrong attended a Crypto Ball event held at the Mellon Auditorium, down the street from the White House, the weekend of Trump’s inauguration.

A few months later in March, Armstrong sat three seats from Trump at a White House summit for crypto industry leaders.

In a decisive move, Canada has introduced “dollar for dollar” retaliatory tariffs as a direct response to the U.S., following President Donald Trump’s Monday announcement of a hefty 50 percent duty threat.

On Tuesday, Ottawa unveiled its plan to match Trump’s tariff threats in both size and scope, announcing tariffs that climb up to 50 percent on goods and services from the U.S., affecting around $20 billion in trade.

These new Canadian tariffs, which range between 15 and 50 percent, will impact more than 700 products manufactured in America.

Canada’s countermeasures specifically target U.S. exports including aluminum, steel, dairy, wood, paper items, seafood, and apparel, substantially affecting these industries.

According to a statement from the Canadian Embassy in the U.S., these retaliatory tariffs will apply to U.S. imports worth $27.6 billion, concentrating on industries like steel, dairy, home appliances, farm equipment, pulp and paper products, and electronics—sectors that have been heavily impacted by American tariffs.

Canada’s latest tariff salvo looks strikingly similar to those imposed by the US. Each country is targeting the other’s steel and lumber products. 

The retaliatory tariffs come just after Trump threatened to rename Lake Ontario to ‘Lake America,’ a move sure to enrage Canadian officials and citizens. 

‘The United States is giving serious consideration to changing the name of Lake Ontario to Lake America in that we don’t expect to [be] doing much business with Ontario any longer,’ the President wrote on Truth Social Tuesday morning. 

Lake Ontario straddles the border, with New York state along its southern and eastern shores and the Canadian province of Ontario to the north. It is not controlled outright by either Canada or the US and has instead been jointly managed under the 1909 Boundary Waters Treaty for more than a century. 

Trump could order US federal agencies to call it ‘Lake America,’ but Canada would not be required to recognize the new name.

The move is reminiscent of the president’s previous renaming of the Gulf of Mexico, which the US government now refers to as the Gulf of America. 

The tariff spat has turned deeply personal after negotiations fell apart last week.

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Ontario Premier Doug Ford has said that Trump can kiss his ‘a**,’ noting his backside has a lot of ‘real estate.’ 

Trump has warned that Canada needs to ‘fall in line’ or it will face ‘far worse’ consequences. He has recently said that the US northern neighbor is his least favorite country to deal with. 

‘I deal with many countries, and Canada is easily the most difficult and unreasonable,’ Trump wrote on social media. 

Canada’s retaliatory tariffs are set to go into effect on September 8. 

Had the two countries reached a trade agreement last week before the Saturday deadline, the additional rate hikes likely could have been avoided altogether. 

The president posted last week that he would extend the negotiating period in hopes that a deal could be struck. But his extension proved fruitless, and neither side was willing to compromise to the other’s demands. 

Minutes after his threat to rename the lake, Trump sent out another post on Truth Social: ‘I would never interfere with Canadians speaking French! In fact, I have never even thought of doing such a stupid thing.’ 

‘This lie was made up by a weak and ineffective Prime Minister in an attempt to gain political support, which he has totally lost, from the people of Quebec. I love French Canadians!’

Carney previously claimed the US had made ‘threats’ and demands targeting French-language protections and Quebec culture during tariff negotiations.

‘President Trump ascended to the White House on a clear promise to the forgotten men and women of America that they would be forgotten no longer,’ White House spokesman Kush Desai said in a statement.

‘Countless American workers, farmers, and businesses have borne the brunt of America’s lopsided trade relations, including with Canada which has demanded total access to the American market without reciprocity.’

The world mourns the loss of Dolly Parton, an iconic figure in country music and a celebrated philanthropist, who passed away at the age of 80. Renowned for her timeless songs and her entrepreneurial spirit, particularly her beloved Dollywood theme park, Parton’s legacy is deeply cherished.

The news of Parton’s passing was confirmed by her publicist, though no specifics regarding the cause of death have been shared.

Tune in to “Dolly Parton: An American Original – A Special Edition of 20/20,” airing tonight, Aug. 25 at 10/9c on ABC. It will be available for streaming on Disney+ and Hulu the following day.

In September 2025, Parton shared on Instagram that she was facing some health challenges and needed to undergo several medical procedures. She did not elaborate on her condition but mentioned her ongoing recovery from “a few little health issues” during Dollywood’s seasonal reopening nearly six months later.

Having celebrated her 80th birthday the previous January, Parton was also coping with the profound grief following the passing of her husband, Carl Dean, in March 2025. After nearly six decades of marriage, she expressed that she was taking time to heal and rebuild herself spiritually, emotionally, and physically.

President Donald Trump called Parton “one of the greatest Country singers, and far beyond, EVER” in a social media post reacting to her passing. “There has never been anyone like her, and never will. In her honor, I am lowering the American flag throughout the United States for a one week period beginning tonight at 6:00PM.”

In a music career that began when she was still a child, born into poverty in the tiny mountain community of Pittman Center, Tennessee, Parton went on to become one of the world’s most successful and admired entertainers, regarded as a country music living legend. Her trademark style – big blonde hair, flamboyant clothes and makeup – was cultivated early in her career, while she was still in her teens.”I take my negatives and try to make them into positives, and I always feel better being more flamboyant,” Parton wrote in her 2023 book “Behind the Seams: My Life in Rhinestones.” “Maybe I looked cheap, but I knew I wasn’t cheap.”

Parton’s style helped her get noticed but her musical gifts made her unforgettable. She wrote and recorded many of country and pop’s most enduring songs, including the hits “Jolene,” “Coat of Many Colors” – added to the Library of Congress National Recording Registry in 2011 – “Here You Come Again,” “Love Is Like a Butterfly,” “9 to 5” and more.

Parton’s biggest hit, however, was inarguably “I Will Always Love You,” which topped the charts three times, most notably when Whitney Houston’s 1992 cover became a global smash. Houston’s performance remains the best-selling song by a female artist of all time.

In 2014, the Record Industry Association of America recognized Parton for sales of over 100 million units worldwide, including 19 RIAA-certified gold, platinum and multi-platinum albums out of the more than 100 studio, live and compilation albums she released during her six-decade-plus recording career.

Parton was also an actress, making her big-screen debut in the 1980 hit comedy “9 to 5,” opposite Jane Fonda and Lily Tomlin, and wrote and performed the film’s chart-topping, Grammy-winning theme song. Not including cameos as herself, she appeared in some nine films in all, among them the enduring 1989 comedy-drama “Steel Magnolias.”

A savvy businesswoman, Forbes magazine in June 2025