A Spanish political party just dropped a bombshell proposal that's got the crypto community talking. Sumar wants to crank up the tax on digital assets from 30% all the way to 47% — yeah, you read that right. But it doesn't stop there.

Their plan includes treating all crypto holdings as seizable assets. Plus, they're pushing for mandatory risk warning labels on exchange platforms, kind of like those cigarette pack warnings.

Tax adviser José Antonio Bravo isn't holding back his thoughts. He's calling these moves "useless attacks against Bitcoin," questioning whether aggressive taxation will actually achieve what policymakers hope for.

The crypto space has always walked a tightrope with regulators, but proposals like this could reshape how traders and investors approach the market in that region. Whether this gains traction or fizzles out remains to be seen, but it's definitely stirring up debate about where the line should be drawn between regulation and innovation.