Crypto Kingpin Sacks: NFTs and Memecoins are Collectibles, Not Securities
2025-01-24
Crypto heavyweight David Sacks recently told Fox News that Trump's memecoin, along with NFTs, are collectibles, not securities. This statement differs from current regulatory definitions of crypto assets, sparking industry attention. Sacks's view suggests these assets may circumvent stricter securities regulations but also face the same market risks as traditional collectibles.