The use case for digital tokens is to create capital and innovation, whether it's TRUMP coins, or people like Katy Perry and Joe Rogan issuing coins, whether it's smart contract tokens, or utility tokens (like giving me access to my music library on a website), or maybe a super complex token and/or NFT, which is actually very convenient. But if you register as a security, you need a lot of costs, you need lawyers and accountants, and you have to spend a lot of money every year to ensure compliance.
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According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) Division of Corporation Finance clarified its views on proof-of-work (PoW) mining, believing that such activities do not constitute securities sales as long as they meet certain criteria. The SEC stated in a statement on March 20 that crypto asset mining associated with public, permissionless networks should not be considered securities. This view applies to independent miners and mining pools that participate in the consensus mechanism.
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Trump's shooting has increased market uncertainty and risk aversion among investors, which is good for gold and Bitcoin prices. At the same time, factors such as the decline in US CPI and the rising expectations of the Fed's interest rate cuts have also supported gold prices, but the gold market has already responded to the Fed's interest rate cuts, so the sustainability is limited. Bitcoin's high volatility amplifies the impact of external events and may be more severe, so investors need to remain vigilant.
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