> > You consume it by trading

Hence the SEC is right to clampdown on crypto for violations of securities law, in order to prevent bubbles that emerge when the only use for something is trading it for something else. We already have that, people who want to participate in that game know where to go, the stock market.

> > for a direct analog to your example, by showing off your wallet balance

That's the most circular thought I've ever heard.

1st, you need to read up on how commodities and securities are regulated. 2nd, showing off your wallet balance is the same as showing off your NFT, and NFTs, digital skins, etc. are all obviously consumables.

Trading a commodity doesn't consume it. If I trade a hamburger, the hamburger isn't consumed. It's only consumed when I eat it.