US SEC: Individual and collective mining activities are not considered securities transactions

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Blockbeats
a day ago
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On March 21, according to the "Statement on Certain Proof-of-Work Mining Activities" issued by the US SEC today, the Corporate Finance Division of the US SEC believes that individual and collective (so-called proof-of-work type) mining activities are not considered securities transactions.

Based on the Howey Test, miners do not earn profits through the efforts of others, but rather receive rewards through their own computational contributions to the network.

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