Crypto Tsar David Sacks: TRUMP coins belong to the collectibles category and do not worry about potential conflicts of interest

ChainCatcher news, newly appointed cryptocurrency special advisor David Sacks detailed the three main focuses of the digital asset working group during an interview with Fox Business News: establishing market structure and clarifying digital asset classifications, expanding the dollar's dominance through stablecoins, and assessing national digital asset reserve programs.

Regarding concerns about potential conflicts of interest related to the TRUMP coin, Sacks stated that the token is similar to collectibles like baseball cards, and there are no worries. He emphasized opposition to CBDCs, supported the development of stablecoins, and pointed out that expanding the digital dominance of the dollar is expected to create trillions of dollars in demand for U.S. Treasury bonds, helping to support debt and lower long-term interest rates. On the digital asset reserve program, Sacks mentioned that it is still in the evaluation stage and no final decision has been made yet.