It is possible Bitcoin
will be the only cryptocurrency to be declared not a security by The SEC. About a two minute read.
Comment: yes, Gensler has been very clear from the start, and applying The Howey Test (link below) is does seem every other cryptocurrency fails. Of course The SEC lacks global enforcement powers, but why hold a coin if it is illegal in one of the largest markets on earth. Best quote from the article “This makes $BTC the only crypto-asset suitable for use as global money”.