With the SEC charging Homero Joshua Garza with security fraud, a little noticed precedent regarding bitcoin regulation may be on the verge of being set: The SEC is classifying mining contracts as securities.
As mentioned in my recent interview with the President of the Chamber of Digital Commerce, Perianne Boring, different regulatory bodies have been treating bitcoin in different ways and are seemingly classifying it as one thing even while another department is classifying it as something completely different.
http://coinjournal.net/bitcoin-regulation-sec-calls-mining-contracts-securities/
