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

Odaily Odaily reports that Fox Business News reporter Eleanor Terrett said that "crypto czar" and the incoming White House crypto chief David Sacks, in an interview, stated that they have not yet decided whether to pursue a digital asset reserve plan. Sacks said: "Yes, we will evaluate this. We haven't decided to do that yet. We need to study this." Additionally, Sacks said that the digital asset working group will develop a regulatory framework by: 1) Implementing market structure and defining what is a digital asset, security, commodity, collectible, etc.; 2) Expanding the dominance of the US dollar through stablecoins; 3) Assessing national digital asset reserves. Sacks also said he believes a TRUMP coin is like a baseball card, a collectible, and is not concerned about potential conflicts 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 choice. Expanding the dominance of the US dollar in the digital realm could create trillions of dollars in demand for US debt.