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MainNewsSEC Clarifie...

SEC Clarifies Proof-of-Work Crypto Mining Isn’t a Security, Offering Industry Relief


by Peter Mwangi
for CoinEdition
SEC Declares Proof-of-Work Mining Not a Security
  • Agency states proof-of-work crypto mining doesn’t fall under federal securities laws
  • Mining operators won’t have to register their activities with the SEC
  • Announcement seen as a major win for Bitcoin, Dogecoin, Litecoin, and Dash miners

The U.S. Securities and Exchange Commission (SEC) has officially clarified that proof-of-work cryptocurrency mining does not fall under federal securities laws. 

In a staff statement released on Thursday, the SEC confirmed that mining operators are not required to register their activities with the regulator, a move that provides much-needed clarity for the digital asset industry.

What Did the SEC Say About Proof-of-Work Mining?

According to the SEC’s Division of Corporation Finance, individuals and entities participating in mining activities, specifically proof-of-work mining, do not need to file transactions under the Securities Act. 

The agency made it cle…

The post SEC Clarifies Proof-of-Work Crypto Mining Isn’t a Security, Offering Industry Relief appeared first on Coin Edition.

Read the article at CoinEdition

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Morgan Stanley to Launch Crypto Trading on E-Trade Next Year

Morgan Stanley to Launch Crypto Trading on E-Trade Next Year

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MainNewsSEC Clarifie...

SEC Clarifies Proof-of-Work Crypto Mining Isn’t a Security, Offering Industry Relief


by Peter Mwangi
for CoinEdition
SEC Declares Proof-of-Work Mining Not a Security
  • Agency states proof-of-work crypto mining doesn’t fall under federal securities laws
  • Mining operators won’t have to register their activities with the SEC
  • Announcement seen as a major win for Bitcoin, Dogecoin, Litecoin, and Dash miners

The U.S. Securities and Exchange Commission (SEC) has officially clarified that proof-of-work cryptocurrency mining does not fall under federal securities laws. 

In a staff statement released on Thursday, the SEC confirmed that mining operators are not required to register their activities with the regulator, a move that provides much-needed clarity for the digital asset industry.

What Did the SEC Say About Proof-of-Work Mining?

According to the SEC’s Division of Corporation Finance, individuals and entities participating in mining activities, specifically proof-of-work mining, do not need to file transactions under the Securities Act. 

The agency made it cle…

The post SEC Clarifies Proof-of-Work Crypto Mining Isn’t a Security, Offering Industry Relief appeared first on Coin Edition.

Read the article at CoinEdition

Read More

As FOMO Spikes and Whales Exit, Bitcoin’s Top May Be In Sight

As FOMO Spikes and Whales Exit, Bitcoin’s Top May Be In Sight

Bitcoin’s strong rally from April’s $75,000 low might be at the risk of a halt as the...
Morgan Stanley to Launch Crypto Trading on E-Trade Next Year

Morgan Stanley to Launch Crypto Trading on E-Trade Next Year

Morgan Stanley’s crypto trading plans are now, at the time of writing, taking shape a...