Bitcoin, Dogecoin is clear after SEC says that encryption mining does not violate the stock law

The US Securities and Stock Exchange Committee said on Thursday that mining is to prove work-which supports it Bitcoin And some other Blockchain networks – do not violate the US Securities Law.

There The latest guidance To clarify the rules of fast -moving industry, the organizer said that mining operations do not need to register their actions because they “do not include and sell securities.”

Securing encryption networks has been a controversial problem in the past, as SEC announced under the previous administration that Evidence of ascension Blockchains like ethereum and Solana– Where encryption holders are negatively gets returns by pledging metal operations or suspicious symbols – The network can satisfy – Howy Test.

Under American law, the original passes the Howey test and is defined by the definition of security if it is an investment of money in a joint institution, in which there is a profitable profit based on the efforts of that institution.

But the main cryptocurrency is like Bitcoinand DokwinAnd Litecoin Everything runs Proof of work Blockchains. For such Blockchain, computers work around the world work to solve sports problems to process masses on the network and processing transactions.

Proof of work from miners, which are usually large-industrial operations with Bitcoin, requires the largest and oldest cryptocurrency. But some people are trying to get the original on its own, with Dogecoin and some other at least valuable cryptocurrencies to prove easier than Bitcoin.

As evidence of miners being rewarded with digital currencies, the Supreme Education Council said it wanted to clarify whether this will constitute dealing with securities or not.

According to the regulation, “expectations from mines” are not derived from administrative efforts or entrepreneurship for any third party on which the success of the network depends on, as it is not subject to the SEC power.

The Securities and Stock Exchange said: “By adding its arithmetic resources to the network, the mining factor participates only in an administrative or ministerial activity to secure the network, verify the validity of transactions, add new blocks, and receive rewards.”

The organizer did not mention any specific currencies or networks by name, but Bitcoin and Dogecoin are the two largest workshops of work by the total maximum market, both sitting in the top 10 coins of this scale. Ethereum originally ran on the work proving network, but was transferred to the proof of bet in 2022.

SEC under former President Gary Ginsner He hits A number of the best American encryption companies that have fines to provide reckless services, claiming that they are profit by allowing customers to share unregistered securities.

since election For the pro -captain president, Donald Trump, the Supreme Education Council is under its new leadership He said It tries to clarify the more clear rules of the industry, and it has canceled a number of Judicial cases and investigations.

Edit Andrew Hayouard