Reported 2 days ago
David Sacks, the White House crypto czar, stated in a Fox Business interview that non-fungible tokens (NFTs) and memecoins should be classified as collectibles rather than securities or commodities. He likened them to items such as baseball cards, emphasizing that their value lies in their commemorative nature. Sacks' remarks reignited discussions about regulatory classifications within the crypto industry, suggesting a separation from traditional security regulations. He expressed hope for a new regulatory landscape under Trump that would benefit U.S. crypto businesses.
Source: YAHOO