Expert at First SEC Crypto Roundtable: Bitcoin Neither Security Nor Investment

• Expert Lee Reiners says Bitcoin isn’t a security or investment contract
• Reiners highlights multiple dimensions of decentralization in digital assets
• True decentralization assessed across a spectrum of parameters; Bitcoin truly fits

Lee Reiners, a visiting fellow at the Duke Financial Economics Center, defined Bitcoin based on its level of decentralization during the first-ever US SEC Crypto Task Force roundtable. The financial expert stated that Bitcoin is neither a security nor an investment contract.

What Makes Bitcoin Unique in Terms of Decentralization?

According to Reiners, despite Bitcoin’s widely acknowledged extent of decentralization, it remains impossible to determine when a digital asset is “sufficiently decentralized.” 

Referencing a CFTC report from last year, Reiners noted that digital assets decentralization exists across a spectrum of parameters, including governance, asset, user, application, data, network, …

The post Expert at First SEC Crypto Roundtable: Bitcoin Neither Security Nor Investment appeared first on Coin Edition.