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There is no such law. Pokemon is no different than a digital token with respect to the applicability of securities law, the SEC's inconsistent treatment of the

There is no such law. Pokemon is no different than a digital token with respect to the applicability of securities law, the SEC's inconsistent treatment of the respective assets notwithstanding. And your argument begs the question of why any restrictions should be placed on people buying/selling financial products to regiment how they do it.

libraryatnight 4y ago
If you think any of this is analogous to a pokemon card or people collecting pokemon cards, your understanding of what is going on right now is pretty much useless.
- ETH_start 4y ago
  They're identical in terms of all legal tests for an asset being a security, your insults notwithstanding. And if you contend otherwise, it would be constructive that you articulate why instead of engaging in more low-brow sophistry.
  - libraryatnight 4y ago
    again, they're not - i don't know which youtuber told you that, but you need to go back and re-think. It's not a personal insult to tell someone they're confused. You're confused. There isn't a generous interpretation on the planet that makes your analogy useful.
soco 4y ago
Maybe if we compared the market size of the Pokemon cards trading with the crypto trading, and also the risks of one compared to the other, we might get a hint why one is in the spotlights while the other not. Not all problems can and have to be addressed at once, so having a priority list to apply your limited resources makes only sense.
- ETH_start 4y ago
  If the SEC began interpreting securities laws as designating Pokemon card, wine and luxury watches securities, Congress would change securities laws. And that's why they don't. They're exploiting the novelty of cryptocurrency to give it this designation without a broad backlash. As a matter of law though, the case for being a security is no stronger cryptocurrencies than for Pokemon cards.
  - skywhopper 4y ago
    You realize that the “securities” at issue here aren’t just ETH and Bitcoin, right? They are packaged financial instruments. “Stake this crypto and we’ll pay you a fixed rate of return.” That’s a bond, or a bank account. Either way, Coinbase isn’t following the rules. https://www.coinbase.com/earn https://www.coinbase.com/earn

libraryatnight 4y ago

If you think any of this is analogous to a pokemon card or people collecting pokemon cards, your understanding of what is going on right now is pretty much useless.

ETH_start 4y ago
They're identical in terms of all legal tests for an asset being a security, your insults notwithstanding. And if you contend otherwise, it would be constructive that you articulate why instead of engaging in more low-brow sophistry.
- libraryatnight 4y ago
  again, they're not - i don't know which youtuber told you that, but you need to go back and re-think. It's not a personal insult to tell someone they're confused. You're confused. There isn't a generous interpretation on the planet that makes your analogy useful.

soco 4y ago

Maybe if we compared the market size of the Pokemon cards trading with the crypto trading, and also the risks of one compared to the other, we might get a hint why one is in the spotlights while the other not. Not all problems can and have to be addressed at once, so having a priority list to apply your limited resources makes only sense.

ETH_start 4y ago
If the SEC began interpreting securities laws as designating Pokemon card, wine and luxury watches securities, Congress would change securities laws. And that's why they don't. They're exploiting the novelty of cryptocurrency to give it this designation without a broad backlash. As a matter of law though, the case for being a security is no stronger cryptocurrencies than for Pokemon cards.
- skywhopper 4y ago
  You realize that the “securities” at issue here aren’t just ETH and Bitcoin, right? They are packaged financial instruments. “Stake this crypto and we’ll pay you a fixed rate of return.” That’s a bond, or a bank account. Either way, Coinbase isn’t following the rules. https://www.coinbase.com/earn https://www.coinbase.com/earn