>Yep, Gensler has outright said that “everything else other than bitcoin is a security. >Why is Bitcoin not a security but if I fork Bitcoin it is a security?

>Yep, Gensler has outright said that “everything else other than bitcoin is a security. >Why is Bitcoin not a security but if I fork Bitcoin it is a security? You are right. Gensler was either misquoted or mispoke. If somebody forks Bitcoin, distributes the majority of coins for free and renounces control; then random people (not connected to the founder) start voluntarily improving and giving it value, it probably wouldnt be a security.