If you read closer, they are saying the SEC has Jurisdiction because THEIR mony was used to purchase, and Bitcoin just acted as accounting. It WAS a Ponzi Scheme. Just nothing to do with bitcoin .
Printed copy · Anthology Volume 2, page 595Printed copy from The Tender For Law Anthology, Volume 2, page 595 (printed 14 June 2014). Added by this site; not part of the Facebook export.