Read the decision. The defendant in the case tried to argue "Bitcoin isn't money, so Bitcoin investments aren't securities". The judge ruled "it walks like a du

Read the decision. The defendant in the case tried to argue "Bitcoin isn't money, so Bitcoin investments aren't securities". The judge ruled "it walks like a duck and quacks like a duck, it's a duck" and said that the prosecution under securities law can go forward. It's also not saying Bitcoin is official legal tender, just that for purposes of investment and securities law, it's a form of "money" and fraud involving Bitcoin investments can be prosecuted under existing securities law.