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...
Regardless of what SEC and other centralised institutes say about Bitcoin the reality is Bitcoin is truly a decentralised cryptocurrency that cant be controlled or manipulated by any centralised institute like SEC itself. The SEC has valid reason to show dis stress in Bitcoin since they are able to control it in its decentralised nature. I find my Bitcoin more secure then my fiat which is constantly going down in value.