$BTC

The SEC Guidance has significant implications for Bitcoin (BTC), although BTC itself is generally not considered a security due to its decentralized nature and lack of a central issuing authority. The guidance clarifies how the SEC evaluates digital assets, using the Howey Test to determine whether an asset is a security. While Bitcoin is largely viewed as a commodity and falls under the jurisdiction of the CFTC, the SEC’s stance reinforces the need for regulatory clarity in the broader crypto space. It indirectly impacts BTC by shaping investor sentiment, exchange compliance, and how related financial products like ETFs and derivatives are handled.