And, BTW, cryptocurrency is completely related to securities and investments because it purports to be a medium of exchange in which all investments and human financial activity may be denominated.
You seem to lack a deep understanding of how human economics works and the interconnectedness of its components (like currency and investment).
And, in case you didn't know it, your derision of those who converse with you on this subject is most certainly an ad hominem (though I can see why you wouldn't understand this). And seems to indicate an ugly immaturity.
You seem to lack a deep understanding of how human economics works and the interconnectedness of its components (like currency and investment).
When I stated that bitcoin is not a security, I meant the assertion to be literal: Bitcoin is not a security.
Certainly, there's an interconnectedness between all market forces and assets.
But this is not an immaterial point. Unfortunately, I've had to spend the past four years becoming well-versed in securities law due to the SEC's corruption and blatant targeting of the crypto space.
I've learned more about the Howey Test than I ever wanted to, but in doing so, I think we may have uncovered one of the disconnects here.
(read about the Ripple vs. SEC decision if you want more context, including Judge Torres' ruling against the SEC)
If you're analyzing bitcoin from the standpoint that it is a security, like common stock or equities, you're evaluating it incorrectly.
In the US (and essentially everywhere else in the world), bitcoin is a commodity, like gold, silver, copper, or frozen concentrated orange juice.
It's not necessarily naturally occurring, but is instead created as a result of the network confirming transactions through mining.
Bitcoin has no central issuer, no Board of Directors, no company address, no CEO, and can't be shut off, shut down, or changed by any state or governing authority.
In a better world, as Trump alluded to, digital assets would have their own regulatory schema as they do in other countries like the UK, Japan, and Singapore. Digital assets are a new and unique technology that don't easily fall under legacy asset rules, regulations, and precedent (like Howey), and we're FINALLY getting to the point where we may have such scaffolding with the FIT21 Act, which passed the House and is held up in the Senate, likely until after the election.
That will bring the US out of the dark ages and into the 21st century where crypto and blockchain projects, companies, and developers can proceed with drive and innovation rather than fall victim to captured agencies like the SEC, which is just a revolving door to Wall Street that serves the entrenched interests of banksters.
That's why Trump's condemnation of Gensler at the Bitcoin Conference on Saturday was so impactful. Gensler is the worst type of Deep State swap creature who not only shepherded con-artists like SBF away from trouble (until SBF bankrupted himself), but also signed the checks as the Clinton campaign CFO that paid Perkins Coie and Fusion GPS to draft the Steele Dossier.
I look forward to a day where Freepers will look at Trump's forward thinking on crypto and be excited about it rather than fall back on the same casual refrains you find with leftists, who hate bitcoin specifically because it is an engine of freedom and financial sovereignty.
Go watch the interview where Bill Gates, Charlie Munger, and Warren Buffet are sitting together and are asked to comment on bitcoin. That should be proof enough that bitcoin is clearly an enemy of the pedophile/pervert/robber-barron class, and that alone should make it intriguing to patriots.