US Sec Chief crypto currency In order to provide more clarity in the field, it makes new announcements and eliminates the chaos. Previously, a similar announcement about breast coins was shared. This regulatory clarity is very important in order to ensure that crypto companies in the country can continue their activities safely. So what does sec mining?
Crypto Mining and SEC
SelectionHas issued a statement that explains that mining and mining pool activities within the scope of the Pow mechanism do not constitute the supply of securities. The announcement emphasizes the need for the continuity of mining in order to maintain the existence of the network.
“This statement deals with the mining of crypto assets that are particularly linked to the programmatic functioning of a network, which is not subject to permission, and to participate in the agreement mechanism of the network and/or in order to participate in this mechanism, or used to maintain the technological functioning and safety of the network.” – SEC (20 March 2025)
So the main focus Pow Mining (Work proof) and the announcement of the features of this mechanism are mentioned. Miners special with the simplest definition Mining With its devices (or much less efficiently with normal computers), cryptographic puzzles solve, add the blocks that confirm the operations to the network, and ensure that the network essentially remains alive.
Mining and Legal Status
Since it will probably explain the pos issue in another announcement, Bitcoin announced $85,190.76 They dealt with Pow miners like mining. Pow SEC says that mining is not within the scope of the securities/investment contract.
“Protocol mining activities cannot be considered as Security (Security) according to the US Securities Law (Securities Act of 1933).”
The famous Howy Test) does not meet the mining investment contract test and the reasons for this are explained as follows;
- Miners do not profit depending on someone else’s initiatives or administrative efforts.
- The crypto currency prizes obtained by miners are the leaders’ direct technical contributions as a result of their own technical contributions.
- Mining pools are also receiving awards as a result of their contribution to the verification process. Pool operators assume only administrative and management.
“In addition, using the combined sources of a pool operator by using the united sources of the mining pool operating activities are essentially administrative or regulating. Some activities of the pool operator can benefit the group of miners, but such efforts are not enough to fulfill the requirement of the“ Efforts of others ”, because the miners are not enough to achieve profit. He does not participate in a mining pool based on the ability of the operator to make a passive profit from his activities. ” – SEC (20 March 2025)
Well mining Pool activities will not be evaluated within the scope of securities, both the mining operations of the companies and the regular activities of individuals. Thus, miners are the USA SelectionIt is also registered that there is no obligation to register.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.