Value can be interpreted in any way shape and form. Craigslist lists items that are worth in value, all private sales.
Indeed. tradable contracts issued again anything of value is a security. That can be gold, oil, bread or bitcoins.
Im not sure how you can say that something is illegal when it's not even law.
The law doesnt mention rembrandt paintings either, you think that makes it legal to steal, vandalize or counterfeit ?
Im not sure what "law" you're referring to. I assume the Securities Act of 1933, which does mention "FOREIGN" Currency.
Read the context. The foreign currency swap is one of many examples of objects of the contract. But try reading the rest of the phrase too, like this part:
,he term security means any note, stock, treasury
stock, security future, security-based swap, bond, debenture,
evidence of indebtedness, certificate of interest or participation . Note the absence of the words coal, corn, dollars, oil.
And bitcoin.
Doesnt mean it doesnt apply.