If they are called crypto-currencies, it's obvious they are not intended to be classified as securities:

Why I unlogically think logically is the matter of fact of the currencies that did a price shift during the past decades:

• 1970s: 1 USD was like 4 Swiss Francs on exchange desks.

• 2023 1 USD today equals 0.85 Swiss Francs

It's obvious that cryptos and/or currencies grow or lose in worth but that is rather because people either insert or withdraw all their capital in crypto and/or currencies, hence the raise or decline on the price charts.

I kinda want to burn down the SEC, they yet didn't understand that we are playing a different game. Today's crypto-companies are like mini-countries issuing their own currencies, and I do not understand why the SEC is so dumb, on not accepting this shift of power.

But hey, just my two pickles on the Hamburger