The US Securities and Exchange Commission (sec) has officially established that the test of trial cryptocurrency (POW) does not constitute negotiation of securities pursuant to the US law.
It is important to emphasize that the century clarified that Bitcoin, Litecoin and Dogecoin are treated as goods rather than titles.
According to a secure declaration of 21 March 2025, “is the opinion of the division that the participants in mining activities must not record transactions with the Commission pursuant to the ACT Securities or return to one of the exemptions of the Securities Act from registration in relation to these mining activities”.
To simplify this, the individual miners and the mining pools participating in these networks are not subject to the registration requirements.
Secure declaration on test mining:
– miners generate prizes through work, not entrepreneurial effort
– Therefore, no “investment contract”
– mining = external course of Howey TestTL; Dr: Prison miners do not offer/sell titles https://t.co/5tczesoqd9 pic.twitter.com/zs1kvn9ruj
– Bitcoin Laws (@bitcoin_laws) March 20, 2025
While the United States move towards the clearer cryptocurrency regulations under President Donald Trump, the position of the sec on mining offers the certainty so necessary to the digital activities market.
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Trump’s choice of the candidate for the secure chair, Paul Atkins, to face the panel next week
NEW: @realdonaldrumpChoose for @Secgov President Paul Atkins will face the @Bankintggop Next Thursday for his appointment hearing. Trump’s choice for @UsocchJonathan Gould, he will also have his hearing. pic.twitter.com/ne91g0js9x
– Eleanor Terrett (@eleterett) March 20, 2025
On March 27, 2025, the candidate for the president of the sec Paul Atkins and the best choice of Trump for the position, will have to face the Senate’s banking committee to testify. Atkins, who is also a former SEC commission, will advance if the votes in the Senate are in his favor.
In particular, Atkins was commissioner sec from 2002 to 2008. His background aligns up close with the cryptocurrency industry.
In addition, his biography on the Patomak Global Partners website highlights his work with Token AllianceA group of defense of cryptocurrencies. HAnd it was involved in Develop the best practices for digital activities emissions and trading platforms since 2017.
If confirmed, Atkins’ appointment could represent a seismic change in the regulatory position of the century towards cryptocurrency.
Under the Joe Biden administration, the president of the outgoing sec Gary Gensler has adopted a rigorous approach to the cryptocurrency sector. Gensler is known for the start of application shares against various high -profile companies and projects.
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The US SEC has officially established that the Test Cryptocurrency Mining does not constitute negotiations of securities pursuant to the United States law.
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The clarifying declaration of the century is seen as a long -awaited legislation for cryptocurrency miners.
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The candidate for the SEC Paul Atkins and the best choice of Trump for the position of President of the century will have to face the Senate’s bank committee to testify in a week.
The post -sec sentence: test mining not subject to the titles law appeared for the first time on 99 bitcoins.