Calacanis suggested imposing a 0.01% tax on all cryptocurrency transactions in the United States, which was rejected by Sacks

Calacanis suggested imposing a 0.01% tax on all cryptocurrency transactions in the United States, but Sacks disagreed. He warned that new taxes often exceed their original intentions. In addition, they also debated the roles of Ethereum, Bitcoin and meme coins. - Calacanis proposed to levy a small tax on cryptocurrency transactions in the form of native assets; - Sacks rejected this idea and cited the history of income tax expansion; - The discussion also involved crypto reserves, meme coins and investment strategies.