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    White House crypto czar David Sacks says NFTs and memecoins are neither securities nor commodities, but collectibles that people buy to “commemorate something” (Catherine McGrath/Fortune)

    Catherine McGrath / Fortune:
    White House crypto czar David Sacks says NFTs and memecoins are neither securities nor commodities, but collectibles that people buy to “commemorate something”  —  Non-fungible tokens and memecoins are neither securities nor commodities, according to White House crypto czar David Sacks.

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