The SEC Clears Up The Legal Uncertainty Surrounding PoW Crypto Mining
Fri 21 Mar 2025 ▪
3
min read ▪ by
The SEC, that watchdog of the crypto markets that sometimes gives us cold sweats. But this time, it has decided to put away its whistle and offer us a breath of fresh air. On March 20, 2025, in a (almost) historic statement, the Securities and Exchange Commission clarified a point that many miners were waiting for like the thaw of spring: NO, Proof-of-Work (PoW) mining does not constitute a securities offering!
PoW is not smoke and mirrors
Let’s quickly revisit what PoW is: it’s a mechanism that makes our computers sweat to secure networks like Bitcoin or
