David Sacks, a White House advisor, is urging clearer regulations for non-fungible tokens (NFTs) and meme coins. He suggests these digital assets should be regarded as collectibles, aligning them with stamps or baseball cards, rather than securities or commodities.

During a Fox interview, Sacks emphasized the sentimental value of such tokens, citing them as a way to commemorate events or celebrate figures, as exemplified by the Donald Trump-themed meme coin.

Sacks argued that clearer regulations could reignite innovation within the US crypto industry, potentially reversing the exodus of companies due to unclear policies. He believes regulatory clarity is essential for the industry to thrive in the United States.

The federal crypto task force's measures signal a more proactive approach to regulation, influencing some companies to consider returning to the US or exploring expansion opportunities.