Re: Why Jorge Stolfi lied to the SEC that commodity money is an equity? Bitcoin ETF.
So first Jorge compares Bitcoin to money which was correct, but complains it is not regulated, yet gold is also not regulated and has an ETF. Then he compares Bitcoin to equities which are not money. Duplicitous much. 
That bolded statement gave me an impression that gold is (generally) unregulated.
As long as a financial security is generally traded in a regulated market whereby any unregulated transaction is done in reference to the price quoted in the regulated market, we can safely say that this financial security is regulated.
Of course it does not serve the purpose to also include off-market transactions (like me selling some 10 grams of gold to my friend under a tree) to be considered as unregulated, because if that is the case for argument, then we can also say that bitcoin will never ever be regulated even if it is 99% so.