Are sneakers, pokemon cards, and art collections regulated?
What if I buy some sneakers thinking I'm going to flip them and then I lose money?
What if I buy some sneakers thinking I'm going to flip them and then I lose money?
The SEC regulates the market for investment contracts (securities). The CFTC regulates the market for commodities. The legal point is that the SEC says Coinbase is a securities market, but haven't made a specific accusation, and Coinbase disagrees. But if some digital assets are securities, then the SEC definitely has jurisdiction.
Nobody regulates the pokemon card market or sneaker market. I suppose congress could decide that it's super important to regulate sneakers, and set up the Sneakers and Exchange Comission. But they haven't yet