California's regulatory approach continues driving an interesting economic pattern: high-net-worth individuals and businesses are relocating to more business-friendly jurisdictions. This capital and talent exodus reflects broader concerns about policy sustainability. When regions implement aggressive taxation or compliance frameworks that outpace competitor states, wealth migration becomes inevitable. For crypto and tech communities, this trend highlights how policy certainty matters—assets and human capital flow toward environments with clearer, more favorable regulatory conditions. It's a reminder that geography still shapes economic outcomes, even in the digital age.