“Investors need clear definitions”

David Sacks, the so -called Tsar of the technology designated by Trump to lead the Cryptocurrency Advisory Council in the White House, shed some light on the guidelines that he will seek to boost a more open approach around digital assets. During an interview with Fox Business, he also described the Memecoins as “collectibles.”

When asked about his work, Sacks explained that The first thing they will do will be to define key concepts, such as what is considered a value, what constitutes a digital asset and what is understood by collectible. In addition, they will address the issue of Stablecoins, an area that, according to the risk capitalist, is of great interest because it offers them the possibility of extending the dollar dominance globally.

Also, Sacks stressed that it is crucial to establish clear and transparent rules, sending the message that no investor should fear success in the United States.

Investors need clear definitions. They need to know what are the rules of the game so that they are calm that, if they succeed in the United States, no one will persecute them arbitrarily. If you look at indicators related to the technological world, the United States leads in all categories, but cryptocurrencies is one of the few exceptions. However, I think we can rectify that quickly from the executive order that President Trump has launched.

David Sacks, head of the Cryptocurrency Advisory Council.

However, the interview acquired a peculiar turn when consulted on the very nature of cryptocurrencies. Faced with this question, Sacks answered:

There are multiple types of digital assets. You have some that are values, others that are merchandise and have some that are collectible, such as NFT or memecoins. So we are entering a very wide area of ​​innovation. Digital assets can be many things.

David Sacks, head of the Cryptocurrency Advisory Council.

When classifying cryptoactives in different categories, Sacks highlights the diversity and complexity of space, which reflects a pragmatic approach. His mention of memecoins, which will attract the attention of many, is particularly relevant, since investors usually consider them high risk. When referring to them as collectible, David gives them a deeper value, associated with factors such as culture and nostalgia.

However, it is important to highlight that fungible tokens, such as memecoins, and non -fungible tokens (NFT’s) They present fundamental differences. The former are interchangeable with each other and lack unique characteristics, which makes them ideal for use as coins or value units within the cryptoactive ecosystem. On the other hand, NFT’s represent unique and unrepeatable elements, such as digital art or video game items, and their value lies in their exclusivity and artistic relevance.

In fact, Trump’s advisor also referred to the memecoin inspired by the president’s figure: «I think Trump is a collectible. As I said before, there are several types of digital assets. For me, it’s like a baseball card or a stamp that people buy, simply because they want to commemorate something ».

Finally, the businessman addressed the issue of CBDC (Central Bank digital currency), recently prohibited in an executive order called “Strengthening of US leadership in digital financial technology.”

CBDCS are a true threat to freedom. We would be gradually replacing cash and cataloging everyone’s transactions and that could lead to new laws on how people spend their money … we are not going to go that way.

David Sacks, head of the Cryptocurrency Advisory Council.

The executive order mentioned by Sacks was signed by Trump on January 23. This measure allows the inclusion of Bitcoin in the United States reserves and establishes, among other guidelines, the creation of the Cryptocurrency Advisory Council. This agency will collaborate with the Congress in the issuance of laws on cryptoactive, and with agencies such as the Bag and Securities Commission (SEC), and the Basic Product Future Trade Commission (CFTC).