Project direction controlled entirely by core devs and the centralised exchanges that bless their output as "bitcoin" regardless of the fact it directly contradicts the original consensus mechanism for the project and the changes implemented by said devs fundamentally broke the utility of the project.
SEC and similar are likely granting BTC "commodity" status purely because it is so utterly controlled and unthreatening, completely divorced from its original intent of addressing the central banking charade, that any energy they can push into it is energy they won't have to deal with being directed to a legitimate decentralised cryptocurrency that actually works and over which no such control exists.
SEC and similar are likely granting BTC "commodity" status purely because it is so utterly controlled and unthreatening, completely divorced from its original intent of addressing the central banking charade, that any energy they can push into it is energy they won't have to deal with being directed to a legitimate decentralised cryptocurrency that actually works and over which no such control exists.