David Sacks Rejects Tax Idea to Replenish US Bitcoin Reserve
Date: 2025-03-10 Author: Henry Casey Categories: IN WORLD
“The idea of levying a symbolic tax of 0.01% on each cryptocurrency transaction so that the government can get “free” bitcoins is actually counterproductive. Such initiatives always start small, but over time lead to significant tax burdens. When the income tax was introduced, it affected only a thousand people, and legislators promised that it would not affect the middle class. And what do we have now?” Sacks noted.
While such fees are unlikely in the foreseeable future, the expert does not rule out the possibility of their appearance. However, he expressed confidence that the administration will continue to improve the regulation of the crypto industry, creating favorable conditions for its development.
Earlier, David Sachs emphasized that Bitcoin remains the most reliable asset for storing capital, and its security has not yet been successfully hacked.
