Ripple Exec Criticizes Bernie Sanders' Proposed AI Stock Tax as Nonsense

Senator Bernie Sanders (D-VT) proposed a bill to impose a one-time 50% tax on stock in major AI companies, aiming to create an American AI Sovereign Wealth Fund. Ripple's CTO David Schwartz criticized the plan as an attack on free speech and economic freedom.

By Parshwa Turakhiya Sun, June 7, 2026 at 7:31 PM GMT+3 4 min read · Yahoo Finance ·

Ripple Exec Criticizes Bernie Sanders' Proposed AI Stock Tax as Nonsense

Tickers: $XRP

Topics: AI regulation free speech public ownership taxation policy

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