David Sacks argues during a Fox interview that NFTs and meme coins should be recognized as collectibles, highlighting their sentimental value. He stresses that clear regulations are essential for revitalizing the US crypto market, which has been affected by previous administrations’ ambiguous policies.
Sacks believes that establishing clearer rules will encourage innovation within the US crypto sector. He points out that many businesses have relocated overseas due to unclear regulations and asserts that this clarity is vital for reinvigorating the country’s status in the global crypto landscape.