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/So, if SEC considers bitcoin decentralized digital cash, what rules of regulation is ready to apply to this type of assets? I understand bitcoin is one of a kind due to this unique status.
The lack of a
"safety" qualification means that there is no way for the regulator to control this, while all other "
safe" currencies can be influenced by government agencies. In my opinion, this is like a quality mark for bitcoin.
They think bitcoin doesn't meet the security's criteria, which is good. The
BTC-community can easily do without it.