Fresh research just dropped showing something crypto folks might want to pay attention to: states slapping on the heaviest tax burdens are watching residents pack up and leave at alarming rates.

The pattern's pretty clear. High-tax jurisdictions are bleeding population to more tax-friendly regions. This isn't just about income taxes either - the study factors in the whole picture of state and local tax loads.

For anyone in crypto weighing where to plant roots, this data hits different. Tax environment shapes everything from capital preservation to business formation decisions. States competing for residents are increasingly offering friendlier frameworks - not just for traditional finance, but digital assets too.

The migration numbers tell a story about how people vote with their feet when policy gets too heavy-handed. Worth considering if you're thinking about where to establish operations or relocate.