The SEC distinguishes Bitcoin from other cryptocurrencies and considers it to be a decentralized digital cash, exempting it from the classification of "security" that applies to many other tokens.
Bitcoin, due to its decentralized nature, market cap, and lack of involvement by its founder, does not fit the criteria of a security according to them.
Strap in boys and girls. Space shuttle launch in T-minus 10 and counting...
Source:
https://www.forbes.com/sites/martinrivers/2023/07/31/bitcoin-is-not-crypto-the-sec-confirms/I am confused and skeptical about what is happening, because the SEC is trying to attack the entire crypto industry, but they are always making statements that assert bitcoin is not a security. Is it really that they can't control it, they don't know who the founder is, so they decided to ignore bitcoin? If so will they accept bitcoin and allow us to use bitcoin without any regulation? Is the SEC or the government really that good? This is good news for bitcoin lovers but they can change their minds anytime, so I won't believe what they say.