Bitcoin mining activities do not penetrate federal securities laws: SEC shows that participants do not need to register transactions – gray Bitco Mini Trust (BTC) shared units of useful useless interest (Arca: BTC)

The Securities and Stock Exchange Committee clarified its position in the activities of the cryptocurrency on Thursday, stressing that it does not fall under federal securities laws.

What happenedSEC Foundation’s Foundation’s Finance Department stated that mining activities are proving work, which include the use of mathematical resources to verify the validity of Blockchain and reward transactions, do not include display and sale of securities. As a result, the participants in these activities do not require registration of transactions with the committee under the Securities Law

SEC perspective applies to two categories: self -mining (or individual) on the POW network, and mining complexes, which combine mathematical resources to increase the chances of their transactions.

It is worth noting, Bitcoin BTC/USD It is the largest brilliant captive network in the world, followed by it Dokwin Dog/Dollar and Litecoin LTC/USD respectively.

See also: Cathay Wood believes that most of the mines will face “scary declines”, but they may end up until they become comprehensive purposes

Why do it matter: This statement comes from the Supreme Education Council in the wake of a series of measures that are friendly to the encrypted currency that the organizer entered.

Last month, he made it clear Metal currencies do not fall under the scope of federal securities lawsAlthough the fraudulent activities involved are still facing legal consequences.

Earlier this week, CEO of Ripple Brad Garlinghyus He said that SEC dropped her appeal In XRP XRP/USD The lawsuit, on the occasion of the end of a four -year legal battle. This was seen as an important development of the encryption industry, as I mentioned before Banznaga.

Grant the Supreme Education Council Similar comfort To exchange encrypted currency Coinbaseand RobinHood ‘Markets’ Current currency operations, twinAnd the exchange of decentralized currency UNISWAPCompatibility with the President Donald Trump He promised to enhance growth in the sector.

Price: shares Coinshares Valkyrie Bitcoin Miners Etf WgmiWhich provides exposure to Bitcoin Mining Companies, closed 1.45 % lower at $ 14.98 during the regular trading session on Thursday.

Photography Gaston Cerliani on Shutterstock

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Slip: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.