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A comment on Crypto Faces Legal Reckoning as SEC Prepares Action Against Coinbase. Parent comment

Re:Crypto Faces Legal Reckoning as SEC Prepares Action Again... by lowkey on Saturday March 25, 2023 @07:48PM (#35308835)
That is correct. Gary Gensler, head of the SEC, had publicly stated that he considers Bitcoin a commodity, not a security.
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Re:Crypto Faces Legal Reckoning as SEC Prepares Action Again... by toomim on Sunday March 26, 2023 @06:52PM (#35320557)
But it is not correct that "all the rest" are considered securities.

Also, the SEC does not determine what is and is not a security. That is determined in court. Gary Gensler can give guidance on what the SEC will take to court, but he is not the final word on what is a security.

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Re:Crypto Faces Legal Reckoning as SEC Prepares Action Again... by lowkey on Sunday March 26, 2023 @08:30PM (#35321360)
All fair points.
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