{"id":125495,"date":"2025-03-20T20:15:58","date_gmt":"2025-03-20T20:15:58","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125495"},"modified":"2025-03-20T20:15:58","modified_gmt":"2025-03-20T20:15:58","slug":"sec-says-proof-of-work-mining-does-not-constitute-securities-dealing","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125495","title":{"rendered":"SEC says proof-of-work mining does not constitute securities dealing"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe US Securities and Exchange Commission\u2019s Division of Corporation Finance has clarified its views on proof-of-work mining, arguing that such activities do not constitute \u201cthe offer and sale of securities\u201d as outlined in the Securities Act of 1933, so long as they meet certain criteria.<br \/>\nIn a March 20 statement, the SEC division addressed the \u201cmining of crypto assets that are intrinsically linked to the programmatic functioning of a public, permissionless network\u201d and determined that decentralized PoW networks should not be treated as securities.<br \/>\nAlthough the SEC\u2019s statement did not name any specific blockchain, its views on certain PoW activities apply to permissionless networks where mining is used to participate in the consensus mechanism. The statement applies to solo miners and mining pools participating in such networks.\u00a0<br \/>\nThe SEC\u2019s Division of Corporation Finance gives its view on PoW \u201cprotocol mining activities.\u201d Source: SECAlthough Bitcoin (BTC) is by far the largest and most significant PoW chain, there are several others, including Dogecoin (DOGE), Litecoin (LTC) and Monero (XMR). US regulators have long considered Bitcoin to be a commodity and not a security \u2014 a view that also extends to Litecoin and Dogecoin, according to the Commodity Futures Trading Commission.\u00a0<br \/>\nSource: CointelegraphRelated: Trump says US will be &#8216;Bitcoin superpower&#8217; as BTC price breaks 4-month downtrend<br \/>\nA pro-crypto policy tailwind<br \/>\nDigital asset markets, including PoW chains, are set to flourish under US President Donald Trump, who has vowed to make America the world\u2019s blockchain and crypto capital.\u00a0<br \/>\nIn addition to appointing a pro-crypto replacement to Gary Gensler at the SEC, the president has established the Council of Advisers on Digital Assets to advance common-sense regulations for the industry.\u00a0<br \/>\nOn March 19, the council\u2019s executive director, Bo Hines, revealed that a comprehensive stablecoin bill could land on the president\u2019s desk in a matter of months.\u00a0<br \/>\nThe same day, the Blockchain Association, an industry advocacy group, said a cryptocurrency market structure bill is expected by the summer.\u00a0<br \/>\n\u201cI think we\u2019re close to being able to get those done for August  They\u2019re doing a lot of work on that behind the scenes right now,\u201d said Kristin Smith, the Blockchain Association\u2019s CEO.<br \/>\nMagazine: Unstablecoins: Depegging, bank runs and other risks loom<a href=\"https:\/\/cointelegraph.com\/news\/sec-proof-of-work-mining-clarification?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe US Securities and Exchange Commission\u2019s Division of Corporation Finance has clarified its views on proof-of-work mining, arguing that such activities do not constitute \u201cthe offer and sale&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125495"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125495"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125495\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125495"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}