Crypto Czar Dismisses Securities Label for NFTs and Memecoins
The White House adviser David Sax believes that it cannot be replaced by the tokens (NFT) and modeling.
On the contrary, Sax suggested that they better understand them as collectibles, similar to stamps or baseball cards.
Sax believes that the authorities should regard NFT and Meme currency as collectibles
In an interview with Fox on January 24, Sax is discussing Donald Trump theme coinEssence He emphasized the emotional value of these tokens and explained that people often buy them to commemorate incidents or celebrate characters.
“When you talk about digital assets, it can have multiple meanings. The digital assets you have is securities, commodities, and digital assets are collectibles, such as NFT or Meme coins. So, you know, you are talking about a broad innovation Fields. Therefore, digital assets can be a variety of different things, “Sax ExplainEssence
It is worth noting that the Gettrumpmeme website has sold Trump Model due to coins Commend the president’s determination and leadership. In the past week, the digital assets have received market attention due to their relationship with the president. However, some people have already Critic ClaimEssence
At the same time, Sax’s remarks have re -attracted people’s attention to the debate of digital asset classification. Although some people see them similar to stocks, others think they are similar to gold such as gold. It is worth noting, US Securities and Exchange Commission (SEC), led by Gary GenslerSpecified Some NFT and cryptocurrencies are used as securitiesIn the industry, the tension is caused by supervision clarity.
However, under the leadership of the Trump’s new government, solving this fuzzy effort is getting attention. The president has instructed a newly established cryptocurrency working group to make the United States the leader of emerging industries. This task will involve clearly defining digital assets, including what is qualified SafetyCommodity or collectibles.
Sax believes that more clear supervision can re -inspire the innovation of the US cryptocurrency industry. He pointed out that this will reverse the trend of corporate outflows due to the uncertain government policies in the previous sessions.
“What the industry needs most is the clarity of supervision. As long as we tell us what the rules are, we will abide by them. The Biden government will never do this. Because of this, all innovations have basically transferred to overseas. Losing this future technology.
Market observers point SEC and other institutions CFTC said that it will take more proactive ways to monitor the industry. These measures have affected the industry, some companies consider returning to the United States, while others are considering returning to the United States Explore the opportunity to expand.
Exempt statement
follow Trust project Beincrypto is committed to fair and transparent reports. This news article aims to provide accurate and timely information. However, it is recommended that readers verify the facts independently and consult professionals before making any decisions in this article. Please note, our terms and Conditions,, Privacyand Exempt statement Updated.
