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Crypto Czar David Sacks Says NFTs and Memecoins Are Collectibles, Not Securities
Non-fungible tokens and memecoins are neither securities nor commodities, according to White House crypto czar David Sacks. Instead, he defines them as "collectibles." From a report: "It's like a baseball card or a stamp," Sacks said in an interview with Fox Business on Thursday, referencing Trump'...
Non-fungible tokens and memecoins are neither securities nor commodities, according to White House crypto czar David Sacks. From a report:"It's like a baseball card or a stamp," Sacks said in an interview with Fox Business on Thursday, referencing Trump's explosively popular memecoin. The famous venture capitalist's comments touched on a long-running debate about the crypto industry in general: how exactly to treat different digital assets.
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