Pokémon: Unlikely Key in Coinbase's SEC Battle Unprecedented Argument: Pokémon's EcosystemCoinbase's Chief Legal Officer, Paul Grewal, has brought an unexpected example to the table in the exchange's ongoing clash with the SEC over the
expanding definition of securities.
A Deck of Cards with an Ecosystem? Pokémon Says Yes!Grewal argues that
Pokémon cards, the beloved Nintendo franchise, provide a fitting analogy to dispute the SEC's stance. In a recent blog post, he highlights the gaming phenomenon's evolution as an
ecosystem unto itself.
Judge Failla's Skepticism Echoes GrewalBacking Coinbase's unease, Judge Katherine Polk Failla expressed doubts about the SEC's foray into a broader definition that may encompass even
collectibles. She is wary of painting everything with the security brush.
Iterating on Nostalgia: Pokémon's Ever-Growing UniverseGrewal points to a fascinating article on Pokémon's journey, where each new game expands upon the ecosystem, making it more dynamic and appealing to players. This rings true for the tokens in question, insists Grewal.
As Coinbase and the SEC battle it out in court,
Pokémon cards surprisingly emerge as a symbol of resistance against an SEC-wide net cast too wide.
