Regulation
Regulatory intelligence for tokenized trading cards — SEC NFT guidance, MiCA, fractional card securities law, tax treatment, and jurisdictional analysis.
Fractional Card NFTs and the Securities Question: Why Dibbs Failed and What Comes Next
Dibbs tokenized 50,000 cards into fractional shares held by 50,000 users before the SEC's Howey Test implications forced its consumer-product shutdown. The model wasn't wrong — the legal structure was.
MiCA and Trading Card NFTs: What Europe's Crypto Regulation Means for Tokenized Collectibles Platforms
Markets in Crypto-Assets Regulation took effect December 2024 and created the world's most comprehensive crypto framework — but its treatment of NFTs leaves card tokenization platforms in a carefully qualified grey zone.
The SEC's War on NFT Securities: What Every Trading Card Tokenization Platform Must Know in 2026
The SEC's enforcement actions against Impact Theory and Stoner Cats have drawn a line in the sand. Fractional card ownership platforms — and the investors backing them — need to understand exactly where that line falls.