SEC confirms Proof-of-Work crypto mining doesn’t fall under securities laws
- The SEC released a statement clarifying that crypto mining activities do not constitute securities offerings.
- The statement could positively impact the stock prices of Bitcoin miners.
- President Trump’s pick for SEC Chair, Paul Atkins, will face the Senate Banking Committee next Thursday for his nomination hearing.
The Securities & Exchange Commission’s (SEC) Division of Corporation Finance released a statement on Thursday clarifying its position on proof-of-work (PoW) crypto mining. The statement revealed that both solo mining and mining pools do not fall under US securities laws as they do not require the efforts of a central entity or entrepreneurial figure to generate profits.
