Yes, and I'm saying that while the rulings of the SEC on this subject consider it a security, I don't believe the law is on their side any longer, since El Salv

Yes, and I'm saying that while the rulings of the SEC on this subject consider it a security, I don't believe the law is on their side any longer, since El Salvador declared it legal tender. That straightforwardly makes it a currency, and I don't believe there is any treaty framework for a country to say "lol no, your currency is fake, it's actually a security to us". Can you imagine the hassle if a country adopted Apple stock as a legal tender? That's basically what happened last year.