Crypto Tsar David Sacks: Treat NFTs and Memecoins as "Collectibles" Rather than Securities or Commodities
ChainCatcher News, David Sacks, the "czar" of artificial intelligence and cryptocurrency appointed by President Trump, stated that he views NFTs and Memecoins as "collectibles" rather than securities or commodities. Collectibles have different tax procedures compared to securities and commodities.
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