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The SEC said: Certified mining activities, particularly workplace proof mining, which is an important element of Bitcoin, should not fall under the US Securities Rules.
“This means that participants in mining activities do not need to register transactions with the Commission under the Securities Act or fall under one of the exemptions from registering under the Securities Act in connection with these mining activities,” the SEC said in a statement yesterday.
Common sentiment about the news: Hooray to clarify!
“This announcement is another indication that the SEC is intended to provide clarity in regulations regarding crypto assets,” said Daniel Budowsky of Pillsbury.
However, Commissioner Caroline Crenshaw (the only Democratic chief) was not very happy with her agency’s statement.
Her criticism is that the statement sounds good, but she has been reading it too much and she has said that some people have been reading it too much. Howie Test it to apply correctly to the operation.
“The statement leaves exactly where we started. With the application of Howie’s facts and cycles. I hope that readers can’t be mistaken for anything more because of investors, other market participants, and the market itself,” she pointed out.
While I’m paying attention to her – Crypto love To jump to conclusions before speaking with an actual lawyer, the SEC statement seems to give sufficient clarity to what is actually incapable of holding it Howie test.
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