- David Sachs, the White House 'Crypto Czar', classified meme coins and NFTs as collectibles rather than securities.
- Sachs emphasized that these assets fall under a broad area of innovation.
- Sachs clarified that this is a personal opinion and not an official regulatory stance.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
David Sachs, the White House 'Crypto Czar', has classified meme coins and non-fungible tokens (NFTs) as collectibles rather than securities.
According to Decrypt on the 24th, Sachs stated this in an interview with Fox Business on the 23rd (local time). Sachs mentioned, "Digital assets include securities or commodities, and there are also those that can be classified as collectibles, like NFTs or meme coins," adding, "This is an issue that covers a broad area of innovation." Sachs is the first AI and cryptocurrency czar at the White House.
Sachs also mentioned Donald Trump's meme coin, Official Trump (TRUMP). Sachs explained, "(Official Trump is) like stamps or baseball cards," adding, "People purchase Official Trump to commemorate something." Sachs added, "(However) this is just a personal opinion and not a regulatory stance."

JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto JournalistPiCK News
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