The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Bitcoin mining hosting company VBit, asserting that its hosting agreements should be classified as securities. This legal action intensifies the ongoing debate over whether certain cryptocurrency-related services fall under securities or commodities regulations. VBit representatives argue that their mining hosting services do not constitute investment contracts, challenging the SEC's interpretation. The case's outcome could have significant implications for the regulatory landscape, potentially affecting the approval process for Bitcoin exchange-traded funds (ETFs).