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Philosophically, It Doesn’t Matter Whether Cryptos Are Securities; Practically, It Does

When a main U.S. regulatory body defers to Crypto Twitter for leads on securities law violations, you know these categories are subjective.

If the SEC decided tomorrow that bitcoin was a security, it would change nothing about bitcoin fundamentally.   (Wikimedia Commons, modified by CoinDesk)
If the SEC decided tomorrow that bitcoin was a security, it would change nothing about bitcoin fundamentally. (Wikimedia Commons, modified by CoinDesk)