> It would be monumentally newsworthy if there was clear guidance that Bitcoin and Ethereum "weren't securities" The SEC refers people to the Howey Test in all

> It would be monumentally newsworthy if there was clear guidance that Bitcoin and Ethereum "weren't securities" The SEC refers people to the Howey Test in all of their statements, which is fairly clear guidance that they don't consider Bitcoin to be a security. With something like Ethereum they're not going to say, since something can alternate between being a security and not being a security, so any sort of specific guidance wouldn't be especially meaningful.