đ¨ Big News for Bitcoin Miners in the U.S.! đ§âđđĽ
The SEC just dropped a statement that clears up a major question: Is Bitcoin mining considered a securities transaction?
Short answer? Nope. Not at all.
According to the SEC, Proof-of-Work (PoW) miningâwhether you're mining solo or as part of a poolâdoesn't count as an investment contract. They based the decision on the good old Howey Test, which is how they usually decide if somethingâs a security.
This means if youâre mining Bitcoin (or any other PoW coin), youâre not tangled up in securities laws.
â No investment contract
â No SEC registration
â Clear green light for miners across the U.S.
Itâs a win for crypto miners and a much-needed dose of clarity in the regulatory world.