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