Philosophically, It Doesn’t Matter Whether Cryptos Are Securities; Practically, It Does

Of course, if this practicality applies to you specifically, then yes, it does matter. In that case, you should weigh the probability of bitcoin or ether being labeled as securities (which seems low at this point) and weigh the probability of other cryptocurrencies being labeled as securities (which seems higher at this point after the insider trading suit against Coinbase). Not because it changes why you’re investing, but rather it governs if you even can invest. Or at least, whether you can without using a VPN (virtual private network).