The US trying to tax Every! Crypto transaction! What would that look like?
Among concerns of the "poor people", who want to pay no taxes... Well in my opinion and according to historical data => Taxation has always improved standard of living and technological progress :)
However the long-term implications of a tax on every trade are much more worrisome :)
The US - currently the leader of taxation in crypto want to basically collect tax for international capital... will ultimately lead to a war about those taxes :)
Even worse - it will produce one more deflationary pressure on Crypto currency! People would make significantly less trades => even more "HODL" => Eveng huger bubble to burst at probably 30-60 trillion market cap
So not a good idea to tax every transaction, i think...
if the bubble bursts faster at around 10-20 trillion market cap, I think that should be considered as a success for humanity :)