Do you think the SEC would plot to call BTC a security?

It seems that Bitcoin has escaped the scrutiny of the SEC as it is decentralised and open-source, which means that it doesn’t exist as a way to raise funds for a specific project. So, it was not called out as a security.

However, there appears to be a surge in institutional interest in BTC. BlackRock, Deutsche Bank, Santander, Citadel, and Societe Generale have changed their stance and now boldly embrace Bitcoin. MicroStrategy recently announced the purchase of an additional 12,333 BTC and now controls 0.726% of the total available supply. BlackRock, Valkyrie, Bitwise, WisdomTree, and Invesco have filed for their own spot BTC ETFs.

With more and more financial institutions jumping on the BTC bandwagon, do you think there is a chance the SEC will go back on its word and try to find a way to declare BTC a security? After all, securities are taxed more heavily than commodities. Also, should Bitcoin be labelled as a security, it would be illegal for one to transfer it to another person. Or do you think that even the morally decrepit SEC won’t dare to pull such an audacious stunt?