SEC explains the coding mining position, a hearing in the Senate of a friend of a friend of encryption chair

The American Securities and Stock Exchange Committee (secondHe presented more clarity regarding its position on the encrypted currency industry, as it issued a Employee statement Announcing that encryption mining (POW) does not lead to federal securities laws.

This announcement comes in addition to the schedule of a hearing in the Senate of Paul Atkins, President Trump’s candidate for the leadership of the Supreme Education Council, which is famous for his supportive views on encrypted currencies.

The employee statement stated on Thursday by the Financing Department of the Securities Committee, explicitly that the coded mining operations are individual and unanimous. The Supreme Education Council explained that these activities do not fulfill the definition of securities transaction under the Howwey Test – the legal framework used to determine whether the transaction represents an investment contract – because it “is not implemented with reasonable expectations from the profits derived from the efforts made or administrative to others.”

This clarification mainly calms down concerns in the encryption mining community that SEC may consider its activities as stocks that require registration.

The Supreme Education Council said that the announcement of Thursday is “part of an attempt to provide more clarity on the application of federal securities laws to encryption assets.” This corresponds to the long -standing invitations of the industry for clearer organizational guidelines. Under Acting President Mark Oida, who recently established a The encryption workplace The Commissioner -friendly Commissioner Hyster Peres, SEC was indicating a transformation in her approach to the area of ​​digital assets. This includes Disclosure of lawsuits and investigations It started with the previous administration and the cancellation of the controversial employee accounting bulletin 121. This last statement on prisoners mining It announced that most of the mines are outside the regulator’s jurisdiction.

In separate news, the Senate Committee on Banks, Housing and Urban Affairs has set a session of President Trump’s candidate to lead the Supreme Education Council, Paul Atkins, on Thursday, March 27, I mentioned By block.

Atkins, a long -standing supporter of encrypted currencies, was exploited by President Trump in early December to head the agency. Former President Gary Ginsler resigned on January 20, and acting chief Mark Oida has been leading the Supreme Education Council since then.

Atkins previously worked as the Securities and Stock Exchange Commissioner from 2002 to 2008 during the era of former President George W. Bush. His nomination session was late due to the waiting papers of the financial disclosure, which was reported to be complicated because of his marriage to the billionaire family.