June 2018 — SEC Chairman said “Bitcoin is not a security” —- more like a currency replacement — so which is it?

Source: https://www.investopedia.com/news/sec-chair-says-bitcoin-not-security/

The lack of clarity coming from the SEC is a problem for investors.

Back in June 2018, the SEC Chairman said “bitcoin is not a security” and it’s more like a currency replacement.

If it’s not a security, then why are we being taxed on Bitcoin as if it’s a security?

There is no taxation on currency trading or when you exchange the US Dollar for a Euro while traveling.
This seems like a great place to start. 5 Months have passed and no word not this issue.

Today we here from the SEC Chairman that an ETF may not pass due to the concern of manipulation—- hello — where have you been all year on 2018 manipulation?

Source: https://bitcoinist.com/bitcoin-etf-sec-manipulation-block/

The SEC has lost credibility on this issue. Bloggers have come forth and said ‘here is how they are manipulating Bitcoin” , but it’s not shutdown.

This is a much bigger issue.

Big money see’s a transition and they want to control every aspect, just like they do today.