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A comment on The SEC has told us it wants to sue us over Lend. We don’t know why. Parent comment

Re:The SEC has told us it wants to sue us over Lend. We don’... by kerng on Wednesday September 08, 2021 @07:13PM (#28464216)
Bitcoin isn't a security, so why should a Bitcoin lending platform be one? Assuming that rewards are in Bitcoin and not dollars.
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Re:The SEC has told us it wants to sue us over Lend. We don’... by kccqzy on Wednesday September 08, 2021 @07:33PM (#28464351)
This is absurd. You can make a security out of something that's not a security.

The US Dollar isn't a security (it's a currency), but many USD lending platforms in fact offer securities. Bonds can be denominated in USD and they are securities.

My house isn't a security, but when my bank decides to package the house-backed mortgage and sell it as MBS, it's a security.

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