Foresight News reported that David Sacks, the AI and cryptocurrency "czar" appointed by former U.S. President Trump, stated that he views Non-Fungible Tokens (NFTs) and Memecoins as "collectibles" rather than securities or commodities. Collectibles have different tax procedures compared to securities and commodities.
Crypto Czar: Think of NFTs and Memecoins as “collectibles” rather than securities or commodities
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