Crypto Czar David Sacks Pushes for Clearer Rules on NFTs and Meme Coins as Collectibles

White House advisor David Sacks argues that non-fungible tokens (NFTs) and meme coins do not belong in the securities or commodities category. Instead, Sacks suggested they are better understood as collectibles, similar to items like stamps or baseball cards. Sacks Argues Authorities Should Treat NFTs and Meme Coins as Collectibles During a Fox interview on January 24, Sacks shared his views... source: https://beincrypto.com/crypto-czar-dismisses-meme-coins-securities-label/