SEC doesn’t consider Avalanche a security because Avalanche is a decentralized coin
This is 4 or false information. Being decentralized or centralized is not a classification for being a security or not. SEC determine a token as security if there’s a profit involved when they offer the token or simply it works like a stock token that profit sharing to all share holders.
SEC use howey test to determine if the token is security or not which the criteria will put most of the cryptocurrency is indeed a security.
Under the Howey Test, a transaction is considered to be a security if it meets the following four criteria:
Money is invested.
There is an expectation the investor will earn a profit.
The investment is in a common enterprise.
Profits are generated via the efforts of others.