senators, and the SEC and even american courts have no clue
US courts said bitcoin is a commodity.. again lets laugh
a commodity is a raw MATERIAL used to create other produce. EG oil=plastics/fuel.. beef=burgers/steak.. wheat=cereal/bread
bitcoin is actually an asset. not a commodity.
Yet bitcoin is also considered as digital currency used for payments even if bitcoin may not be suitable for payments because of its market price volatility. It must be understood that bitcoin must always be paired with fiat currency to complete the transactions. After receiving the bitcoin one may have the option to convert it to cash or trade it with other crypto in the market to earn more or could also be mean to lose some of the money depending on how one will going to trade.
I consider bitcoin as a genuine innovation. Government system could create something like this innovation to promote transparency using block chain technology. Anyway, I doubt that those corrupt politicians may agree with it but this genuine innovation for the goodness of the community and not just by the corrupt politicians.