Crypto Czar David Sacks: TRUMP Coin is a collectible and is not concerned about potential conflicts of interest

Odaily News Fox Business News reporter Eleanor Terrett reported that David Sacks, the "crypto czar" and the White House's incoming cryptocurrency director, said in an interview that they have not yet decided whether to move forward with the digital asset reserve plan.

"Yes, we will evaluate it. We haven't decided to do it yet. We need to study it," Sacks said.

In addition, Sacks said that the Digital Assets Working Group will develop a regulatory framework by: 1) implementing market structure and defining what are digital assets, securities, commodities, collectibles, etc.; 2) expanding the dominance of the US dollar through stablecoins; and 3) evaluating national digital asset reserves.
Sacks also said that he sees TRUMP coins as a collectible like baseball cards and is not concerned about the potential conflict of interest in the president issuing such a token; central bank digital currencies (CBDCs) are a threat to freedom and liberty, and stablecoins are a better option. Expanding the dollar's dominance in the digital space could create trillions of dollars in demand for U.S. Treasuries.