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

• 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…

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