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.
Well let them change their standards then according to Bitcoin

!!! Perhaps one day All criteria will be made according to Bitcoin.
Basically, these are the reasons they mention "decentralized nature, market cap, and lack of involvement by its founder" These are the same reasons that make users trust Bitcoin and prefer it over fiat.
The SEC nonsense never ends. They make a lot of noise and clamor for or without even a reason, and the funny thing is that every time they fail, if they had some shame, they would stop their failed attempts and stay away from Bitcoin.