Appointed by Donald Trump as responsible for artificial intelligence (AI) and cryptocurrencies a few weeks ago, David Sacks was invited to clarify the status of non -fungible tokens (NFT) on American soil. In recent months, several players in the industry have asked the Securities and Exchange Commission (SEC) to decide on this subject.
The status of NFT clarified by the new crypto official of the White House
As part of an interview with Fox Business, David Sachsnew manager of cryptocurrencies and artificial intelligence (IA) of the Trump administration, spoke around The status of non -fungible tokens (NFT).
👉 All about non -fungible tokens
According to him, the NFT as well as the same, are neither security nor commodities, But many ” collectible »»collectibles in short. As an example, the one who is called the “Crypto Czar” referred to the same Trump launched a few days before the inauguration of Donald Trump as 47th President of the United States:
I think the Trump, like non -fungible tokens, is a collector's object. It's like a baseball card or a stamp. People buy it because they want to commemorate something.
This declaration comes as Several actors in the crypto industry seek that government agencies in charge of market management, like Securities and Exchange Commission, clarify the legal status of NFT and cryptocurrencies.
In addition, Crypto companies are not the only ones to ask the question. So, 2 representatives of the Republican Party had arrested the dry Last September in order to know precisely the status of the Airdrops which was not clear in their eyes.
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For David Sacks, the establishment of a Claire regulatory around cryptocurrencies is a priority
David Sacks explained that in his eyes, there were Several categories of digital assetswhich required clearly defining “ The structure of this market ». Following this, he hastened to declare that it was important that a legislative framework clear come and go on this ecosystem. “” What the industry wants more than anything is a regulatory clarity, Insists the manager of the White House cryptocurrencies.
In the United Kingdom, a bill was unveiled last September to clarify the legal status of cryptocurrencies and NFT. The legislators carrying this text had proposed to classify non -fungible tokens as “personal property”offering in this regard, legal protection to their owners, in particular against possible fraud and scams.
🔎 To go further – Understanding taxation and regulation of NFT on French soil
Finally, David Sacks mentioned the creation of a national reserve in cryptocurrencies. “” We will assess this. We have not yet decided to do it, but we have to study it, »» said the entrepreneur.
While Cynthia Lummis is still wearing His bill For this reserve to be made up of Bitcoins (BTC), other cryptos from entities based in the United States-such as Ripple-could be used. Finally, A decree was signed by Donald Trump in favor of creating such a reserve.
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Source: Fox Business
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Surprised by the rise of cryptocurrencies at the end of the 2010s, I started to follow from near this sector which fascinates me at the highest point. When I am not in football, rugby or handball room stadiums, I brought myself to write relevant articles around cryptocurrencies and more broadly, of the web3.
Zacharie Tazrout
313 articles
