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.
it looks like the SEC is really taking cryptocurrencies seriously and especially Bitcoin. maybe they would talk about different views on Bitcoin if Satoshi wasn't anonymous. I mean Sam Bankman's FTT token (FTX). Vitalik with ETH. Justin Sun with TRX. and also BNB by CZ. The SEC may be very concerned about how the involvement of the founders as one of the reasons that allows market manipulation of the ownership of the assets of the owners.
I think the SEC is trying to think more rationally about their views on Bitcoin and Cryptocurrencies.