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Crypto Czar David Sacks Pushes for Clearer Rules on NFTs and Meme Coins as Collectibles
Crypto Czar David Sacks Pushes for Clearer Rules on NFTs and Meme Coins as Collectibles
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David Sacks, a prominent figure in the cryptocurrency space, has advocated for clearer regulations regarding NFTs and meme coins, suggesting they should be treated as collectibles similar to stamps or baseball cards. During a Fox interview on January 24, Sacks discussed the sentimental value of these digital assets, emphasizing that people often purchase them to commemorate events or celebrate figures. He highlighted the diverse nature of digital assets, which can range from securities and commodities to collectibles like NFTs and meme coins.
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