I think that's just fearmongering from scammers to get us to unite with them. Gary Gensler seems to understand the difference.
If you read the quote about the Howey test he might actually be onto something. In the eyes of the law the E. foundation should actually not be that different than e.g. Paypal or Robinhood.
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Yes, but that isn't Bitcoin
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Correct. This is exactly what Gensler is saying
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