PANews reported on March 9 that according to Cointelegraph, in a recent All In Podcast, host Jason Calacanis proposed a 0.01% tax on each cryptocurrency transaction, which is denominated in the assets transferred, purchased or sold. In response, David Sacks, the White House's director of cryptocurrency and artificial intelligence, explicitly opposed the proposal to tax crypto transactions, believing that such taxes often start with "moderate" but tend to gradually expand to a wider range, such as income tax initially only for a minority of groups. Crypto transaction taxes may increase the burden on users.