🚨 SEC recognizes PoW not as securities - Good signal for Altcoin ETFs?

The Corporate Finance Division of $SEC has just made an important statement: the mining of PoW (Proof of Work) crypto is not considered a securities offering, as the rewards come from the computational process rather than passive investment.

Therefore, PoW mining does not meet the criteria of an “investment contract” under the Howey Test and is not subject to regulation under the Securities Acts.

This clarity could pave the way for the approval of some PoW-based Altcoin ETFs, such as Litecoin or Dogecoin,... in the near future - which already has a very high probability of being approved this year.

#PoWMiningNotSecurities #sec #BMTOnBinance #etf #VoteToListOnBinance