$SHIB US President Donald Trump has appointed venture capitalist David Sacks as the White House Commissioner for Artificial Intelligence and Cryptocurrency, responsible for overseeing government policy making in the fields of artificial intelligence and cryptocurrency.
Recently, Sacks said in an interview with Fox Business that NFTs (non-fungible tokens) and meme coins should be considered "collectibles," similar to baseball cards or stamps. He pointed out that digital assets can be classified as securities, commodities or collectibles, while NFTs and meme coins fall into the category of collectibles.
If regulators adopt this view, it may have a profound impact on the way NFTs and meme coins are regulated. Treating them as collectibles may lower the regulatory threshold, promote innovation, and accelerate their adoption in the mass market. However, the specific impact still depends on the formulation and implementation of future regulatory policies.
The Trump administration has previously shown its support for the cryptocurrency field and established a crypto advisory committee to promote the development of blockchain technology and strive to make the United States take the lead in the crypto revolution.
In general, if NFTs and meme coins are officially recognized as collectibles, it may:
Reduce the difficulty of entering the mass market and accelerate the speed of popularization.
Lower the regulatory threshold and reduce development barriers.
Bring unprecedented explosive growth opportunities to the crypto industry.
However, investors still need to remain cautious and pay close attention to regulatory dynamics and market changes to make wise investment decisions.