美SEC: Individual and Collective Mining Activities Not Considered Securities Transactions

BlockBeats News, March 21st, according to a statement released today by the U.S. SEC regarding certain proof-of-work mining activities, the SEC's Division of Corporate Finance believes that individual and collective (so-called proof-of-work) mining activities do not constitute securities transactions.

Following the rationale of the Howey Test, miners do not rely on the efforts of others to earn a profit but rather receive rewards through their own computational contributions to the network.