SEC has declared that proof-of-work crypto mining does not violate U.S. securities law, and miners are confident that their operations do not require securities registration.
Miners engage in administrative or ministerial activity to secure the network when they add computational resources.
The SEC distinguishes proof-of-work mining from other types of mining, such as Proof-of-Stake, used by Ethereum and other cryptocurrencies.
SEC's declaration clarifies the fundamental aspects of crypto mining and highlights the ongoing efforts to regulate the cryptocurrency industry.