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...
Did we really need a confirmation from the SEC about Bitcoin not being a security? Didn't we know it already as it has been decentralized since its inception? And how does that take Bitcoin out of the cryptocurrency race? It's a digital currency but since it works on cryptography, it's a cryptocurrency, how does that make any sense to not consider Bitcoin a cryptocurrency because it is not a security? Sure it's different from others, but it was the very first cryptocurrency.
I also don't think that we needed the SEC to make such an announcement for Bitcoin to skyrocket or keep moving forward, they've been attacking cryptocurrencies and exchanges for a long time, which might have caused problems for the platforms but it never created many problems for Bitcoin.