> The US government claiming power over the currency its banking corporation issues is one thing. I don't know why people just accept, without question, the claim that the government has regulating authority over a currency that it doesn't issue.
This case isn't about regulating authority over currency. Its about whether the fact that an investment was sold for bitcoins isntead of a fiat currency takes that investment out of the scope of the definition of "securities" subject to various provisions of the Exchange Act relating to securities fraud.
This case isn't about regulating authority over currency. Its about whether the fact that an investment was sold for bitcoins isntead of a fiat currency takes that investment out of the scope of the definition of "securities" subject to various provisions of the Exchange Act relating to securities fraud.