Non-fungible tokens (NFTs) and memecoins are more akin to collectibles than securities, according to David Sacks, special advisor on AI and cryptocurrencies for the newly established task force by Donald Trump, as reported by Fortune.
Sacks expressed hope that new regulatory policies will bring crypto business back to the United States.
The task force established by the U.S. President is expected to assess the “potential for creating and maintaining a national reserve of digital assets” within 180 days.
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