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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, protocol, and hardware. Reiners argued that it’s currently impossible to determine whether all these areas are decentralized enough so that profits do not come from the efforts of other users.  Related: SEC Abandons Coinbase Suit: Relief Rally for Cardano (ADA)—Price Analysis The financial expert’s submission was only an aspect of the discussion at the SEC-Crypto roundtable, which is part of the US government’s efforts under the new administration and towards providing a tailored regulation for the crypto industry. Main Focus of the SEC-Crypto Roundtable Friday’s roundtable primarily focused on how US regulators can effectively apply existing securities laws to digital assets, especially considering the new administration’s stated intention to reshape the regulatory landscape for the crypto industry. Apart from Lee Reiners, John Reed Stark, former chief of the SEC’s Office of Internet Enforcement, Miles Jennings, the general counsel for Andreessen Horowitz’s crypto arm, a16z, and former SEC Commissioner Troy Paredes attended the roundtable.  Roundtable Reflects President Trump’s Stated Crypto Agenda The SEC-Crypto roundtable reflects President Trump’s stated crypto agenda, following promises…

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Filed under: News - @ March 22, 2025 11:23 am