.JohnReedStark suggests that Bitcoin is an unregistered security due to its mining centralization
According to SEC, a security could be stocks, bonds and other related instruments that include shares in a company or an investment contract. It is believed that Bitcoin does not meet the definition of a security since it is decentralized, meaning that nobody owns or controls it. It is also not centrally issued or traded on any established market or exchange. Therefore, it is not subject to the requirements of registration with the SEC as a security., Bitcoin proponents were elated when U.S.
However, there is still a lot of uncertainty regarding the regulatory status of Ethereum. Gensler previously mentioned that the vast majority of tokens are unregistered securities.
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