SEC Chair Gary Gensler clarified that a physical Pokémon card does not qualify as a security. However, he was less clear on whether tokenized Pokémon cards, or Pokémon card NFTs, could be considered securities, stating he would need more information. The discussion took place during a U.S. House Committee on Financial Services meeting, where Gensler was questioned for nearly five hours. His stance on digital assets has been previously challenged, with critics suggesting his regulatory approach favors large financial institutions and stifles innovation.