David Sacks vs. Crypto Tax Popular tech entrepreneur, David Sacks, recently made headlines when he publicly rejected the idea of a 0.01% crypto tax. His reasoning? The potential risks of expansion and government intervention. Sacks, a major investor in crypto, believes that imposing taxes on digital currencies could stifle innovation and hinder the growth of this emerging market. He also cautioned against giving the government too much control over the regulation of cryptocurrencies. Trump's Team and the IRS While Sacks argues against the implementation of a crypto tax, President Trump's team is reportedly considering a different approach to handling tax revenues. According to recent reports, they are exploring the possibility of replacing the Internal Revenue Service (IRS) with tariffs. This would mean a significant shift in the way taxes are collected and could potentially impact the way cryptocurrencies are taxed as well. Crypto Tick...
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