{"id":18522,"date":"2025-03-21T18:02:12","date_gmt":"2025-03-21T18:02:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18522"},"modified":"2025-03-21T18:02:12","modified_gmt":"2025-03-21T18:02:12","slug":"sec-ruling-proof-of-work-mining-not-subject-to-securities-law","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18522","title":{"rendered":"SEC Ruling: Proof-of-Work Mining Not Subject To Securities Law"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">The US Securities and Exchange Commission (SEC) has officially ruled that proof-of-work (PoW) cryptocurrency mining does not constitute securities trading under US law.<\/span><\/p>\n<p>Importantly, the SEC has clarified that Bitcoin, Litecoin, and Dogecoin are treated as commodities rather than securities.<\/p>\n<p>According to a <a href=\"https:\/\/www.sec.gov\/newsroom\/speeches-statements\/statement-certain-proof-work-mining-activities-032025\" target=\"_blank\" rel=\"nofollow\">21 March 2025 SEC statement<\/a>, \u201cIt is the Division\u2019s view that participants in Mining Activities do not need to register transactions with the Commission under the Securities Act or fall within one of the Securities Act\u2019s exemptions from registration in connection with these Mining Activities.\u201d<\/p>\n<p>To simplify this, individual miners and mining pools participating in these networks are not subject to securities registration requirements.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">SEC statement on Proof-of-Work mining:<\/p>\n<p>\u2013 Miners generate rewards via work, not entrepreneurial effort<br \/>\u2013 Therefore, no &#8216;investment contract&#8217;<br \/>\u2013 Mining = outside scope of Howey test<\/p>\n<p>TL;DR: PoW miners do not offer \/ sell securities <a href=\"https:\/\/t.co\/5TcZesOQd9\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/5TcZesOQd9<\/a> <a href=\"https:\/\/t.co\/zS1kvn9rUJ\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/zS1kvn9rUJ<\/a><\/p>\n<p>\u2014 Bitcoin Laws (@Bitcoin_Laws) <a href=\"https:\/\/twitter.com\/Bitcoin_Laws\/status\/1902841856754585924?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 20, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">As the US moves toward clearer cryptocurrency regulations under President Donald Trump, the SEC\u2019s stance on mining offers much-needed certainty to the digital asset market. <\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<h2><strong>Trump\u2019s Choice Of SEC Chair Nominee, Paul Atkins, To Face Panel Next Week<\/strong><\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">NEW: <a href=\"https:\/\/twitter.com\/realDonaldTrump?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@realDonaldTrump<\/a>\u2019s pick for <a href=\"https:\/\/twitter.com\/SECGov?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@SECGov<\/a> chair Paul Atkins will face the <a href=\"https:\/\/twitter.com\/BankingGOP?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@BankingGOP<\/a> next Thursday for his nomination hearing. Trump\u2019s pick for <a href=\"https:\/\/twitter.com\/USOCC?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@USOCC<\/a>, Jonathan Gould, will also have his hearing. <a href=\"https:\/\/t.co\/Ne91g0js9x\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/Ne91g0js9x<\/a><\/p>\n<p>\u2014 Eleanor Terrett (@EleanorTerrett) <a href=\"https:\/\/twitter.com\/EleanorTerrett\/status\/1902849112799576144?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 20, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On 27 March 2025, SEC Chair nominee Paul Atkins and Trump\u2019s top choice for the position, will be facing the Senate Banking Committee to testify. Atkins, who is also a former commission of the SEC, will advance if the votes in the Senate are in his favour.<\/p>\n<p><span data-preserver-spaces=\"true\">Notably, Atkins served as an SEC commissioner from 2002 to 2008. His background aligns closely with the cryptocurrency industry.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Furthermore, his biography on Patomak Global Partners\u2019 website highlights his work with the Token Alliance<\/span><span data-preserver-spaces=\"true\">, a crypto advocacy group. H<\/span><span data-preserver-spaces=\"true\">e has been\u00a0<\/span><span data-preserver-spaces=\"true\">involved in<\/span><span data-preserver-spaces=\"true\">\u00a0developing best practices for digital asset issuances and trading platforms since 2017.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If confirmed, Atkins\u2019 appointment could represent a seismic shift in the SEC\u2019s regulatory stance toward cryptocurrency.<\/span><\/p>\n<p>Under the Joe Biden administration, outgoing SEC Chair Gary Gensler took a stringent approach to the crypto industry. Gensler is known for initiating enforcement actions against several high-profile companies and projects.<\/p>\n<p><strong><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><\/a><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\">10 Best AI Crypto Coins to Invest in 2025<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         The US SEC has officially ruled that proof-of-work cryptocurrency mining does not constitute securities trading under US law.\u00a0<\/li>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         The SEC\u2019s clarifying statement is seen as a long-awaited regulatory breakthrough for crypto miners.\u00a0<\/li>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         SEC nominee Paul Atkins and Trump\u2019s top choice for the position of SEC Chair, will be facing the Senate Banking Committee to testify in a week.\u00a0<\/li>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/sec-ruling-proof-of-work-mining-not-subject-to-securities-law\/\">SEC Ruling: Proof-of-Work Mining Not Subject To Securities Law<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission (SEC) has officially ruled that proof-of-work (PoW) cryptocurrency mining does not constitute securities trading under US law. Importantly, the SEC has clarified that Bitcoin, Litecoin, and Dogecoin are treated as commodities rather than securities. According to a 21 March 2025 SEC statement, \u201cIt is the Division\u2019s view that participants [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18522","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18522"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18522\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}