Are NFTs and meme coins assets, currency or something else completely? According to the White House AI and Crypto Tsar David Sacks, they hear in their own category: “Collectibles.”
“Well, when you talk about digital assets, it can be several things,” said Sacks during a Fox company interview On Thursday.
“I mean, you have digital assets that are effects, you have digital assets that are raw materials, you have digital assets that are collecting objects such as NFTs or meme coins. So you are talking about a very vast area of innovation. “
The distinction as a collective object can change how NFTs And meme coins Be observed, which may be granted legitimacy as assets with cultural and commemorative value instead of speculative risks.
Bags also weighed on the solana -based Official (Trump) Meme Coin, a token officially bound to President Trump. “I think the Trump -Munt is a collective object,” he said, stating that it falls under the same category as NFTs or meme coins.
“It’s like a baseball card or a stamp,” said the crypto -tsar. “People buy it because they want to commemorate something.”
While he recognized the purpose of token as a collective object, clarified Sacks that this was his personal opinion, not a regulatory attitude.
During the interview, the Crypto -Tzar outlined its vision for the Presidential working group on digital asset marketswhom he is chairman as part of the sweeping of President Donald Trump executive order To establish the US as a global crypto leader.
An important focus of the group is to define the market structure for digital assets. By setting up clear categories – such as effects, raw materials and collective objects – the administration wants to bring legal security to an industry that has been working in a gray area for a long time.
“The Biden administration would not tell them [crypto firms] What the rules of the road were, and they would be continued, “Sacks said on Thursday. ‘And what the industry wants more than whatever, is the clarity of the regulations.“
Stablecoins and the stock efforts of the US
The group will also concentrate on stablecoinsWhich bags called ‘a really interesting area’ with the potential to extend the dominance of the US dollar worldwide.
“In principle, we can create a digital dollar that people around the world will use,” said Sacks.
The Presidential Working Group will also investigate the concept of a National Digital Active Active stockAn idea that Trump suggested during his campaign as part of a strategy to set up a Bitcoin National Reserve.
Although the idea remains at an early stage, Sacks explained: “Yes, we are going to evaluate that. We have not yet decided to do it, but we have to study that.”
The issue of whether NFTs should be classified as effects in recent months, has received a grip in recent months, especially according to the investigation of the US Securities and Exchange Commission (SEC) to NFT Marketplace OpenSea.
Last August, OpenSea CEO Devin Finzer unveiled The platform had received a wells knowledge, a precursor of potential legal steps of the SEC, about claims that certain NFTs sold on the market can be eligible as non -registered effects.
To fail ‘ appointment While the White House AI and Crypto Tsar meant an important policy shift for the domestic crypto sector of the US.
Looking ahead, Sack’s confidence in the ability of the US to regain his leadership in the global crypto space.
“We’re going to catch up very quickly,” he said. “The innovation started to go offshore … but now I think it will change very quickly.”
Published by Sebastian Sinclair
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