David Sacks discusses the potential regulations on digital assets in the next 6 months. Learn about the classification and transparency laws for cryptocurrencies and NFTs.
David Sacks, a senior advisor at the White House on digital currencies, stated that the Trump administration may establish legal transparency for digital assets within the next 6 months. Sacks emphasized that defining market structure and categorizing different types of digital assets is essential for transparency laws. He noted that digital assets can be classified as currency, securities, commodities, or even collectibles like NFTs. Sacks believes that with Republicans controlling the House, the likelihood of passing robust regulations for digital currencies has increased. He expressed hope that this process will yield results within the next 6 months.
