Law & Policy

🚨 SEC Clarifies Stance on PoW Mining 

The SEC’s CorpFin division stated that proof-of-work mining (self-mining or pool participation) does not qualify as securities transactions under the Howey Test. No registration required for these activities. 🧵

Regulatory clarity! Post loper bright, there’s perhaps greater uncertainty as to what this would mean in the courts, but we love to see this type of guidance.

general counsel @ 1kx // co-founder @ thing3 // summoner @ hydra ventures