American cryptocurrency czar David Sacks refuted the proposal to impose a 0.01% tax on every cryptocurrency transaction on the All In Podcast program. The proposal was put forward by program host Jason Calacanis, advocating for taxation based on the trading assets themselves to enrich the US strategic Bitcoin reserves and cryptocurrency asset inventory. Sacks pointed out, "This is exactly how taxes are generated. The initial income tax only targeted a very small number of people, but later it spread to the middle class." (Cointelegraph) https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=39161