BITCOIN is shaping up to be a WINNER against the SEC!
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It seems that the emerging victor in this regulatory melee could be the first of all cryptocurrencies: bitcoin.
On Monday, the SEC sued Binance, and the next day it sued Coinbase, alleging that both platforms sold unregistered securities. As reported by CriptoNoticias, in these lawsuits the SEC classified 12 altcoins as securities.
Bitcoin, like other commodities, does not give its owners any rights to a specific entity nor is it expected to provide a financial return from the efforts of a company or third party. Its value derives simply from its acceptance among users and merchants and its usefulness as a medium of exchange and store of value.
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