Recognizing the unique characteristic of Bitcoin is highly promising development, as it could open the door for many EFTs applicants including BlackRock to gain approval from SEC. This approval has the potential to act as a catalyst, triggering significant buying activity in Bitcoin market. It appears as prominent investors are waiting for this approval to take entry in market.
Bitcoin is Bitcoin, unique and you can talk about Bitcoin as simple as that.
Is it a commodity?
Is it a security?
Is it a whatever term will be called in future?
It is not big deal if we can use Bitcoin in whatever ways and use cases we want. Freedom to use it and freedom to call it, it is Bitcoin.
SEC. can submit legislation to change their policies and regulations so what they consider Bitcoin is today might be no longer valid and applicable in future.
But I have my strong belief that no one, no government, no agency will be able to completely ban and kill Bitcoin.