Crypto czar David Sacks likens Trump’s memecoin to a ‘baseball card’
President Trump’s controversial memecoin took the crypto world by storm, but not everyone thinks it’s a good idea.
White House crypto czar David Sacks has likened US President Donald Trump’s memecoin to a collectible, claiming that the controversial token doesn’t represent a conflict of interest for the new administration.
Appearing on Fox News on Jan. 23, Sacks said digital assets come in many forms — some are securities, while others are collectibles like non-fungible tokens (NFTs) or memecoins.
“I think the Trump coin is a collectible […] It’s like a baseball card or a stamp,” Sacks said. “People buy it because they want to commemorate something,” he said.
Go to Source
Author: Sam Bourgi
