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Encryption Tsar David Sacks: Consider Non-fungible Tokens and Memecoins as 'collectibles,' not securities or commodities
Golden Finance reported that David Sacks, the 'czar' of artificial intelligence and cryptocurrency appointed by US President Trump, regards Non-fungible Tokens and Memecoins as 'collectibles' rather than securities or commodities. Collectibles have different tax procedures compared to securities and commodities.