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Defining a Security: The Howey Test - Blockchain and Cryptocurrency: What You Need to Know - 2019The debate over whether cryptocurrencies should be defined as securities, like stocks, or commodities, like wheat or gold, has implications. Yes, virtual currencies, such as Bitcoin, have been determined to be commodities under the Commodity. Exchange Act (CEA). Does the CFTC oversee Bitcoin? The. The SEC has already agreed that bitcoin, which has no central entity that benefits from its growth, will be regulated as a commodity, even if it.
