Well, well, well! The US Securities and Exchange Commission (SEC) has finally decided to weigh in on proof-of-work mining. And guess what? They’ve declared it’s not “the offer and sale of securities.” I mean, who knew? It’s like finding out your grandma’s secret recipe isn’t actually a state secret! 🍪
In a statement that could only be described as “March Madness,” the SEC’s Division of Corporation Finance said that as long as you meet certain criteria, you can mine away without worrying about being labeled a securities dealer. Talk about a get-out-of-jail-free card! 🎉
They specifically mentioned the “mining of crypto assets that are intrinsically linked to the programmatic functioning of a public, permissionless network.” Sounds fancy, right? It’s like saying, “You can play in the sandbox, but don’t eat the sand!” 🏖️
Now, while Bitcoin (BTC) is the big cheese in the PoW world, let’s not forget about its quirky cousins: Dogecoin (DOGE), Litecoin (LTC), and Monero (XMR). The SEC has been treating Bitcoin like the golden child of commodities, while the Commodity Futures Trading Commission is like, “Yeah, Litecoin and Dogecoin are cool too.” It’s a real family reunion! 🎊
Time for a Crypto Party! 🎈
And guess what? Digital asset markets are about to get a turbo boost under President Donald Trump, who’s on a mission to make America the blockchain capital of the world! It’s like he’s throwing a party and everyone’s invited—except for the naysayers! 🎉
He’s even got a pro-crypto replacement for Gary Gensler at the SEC. I mean, who needs a boring old regulator when you can have a crypto cheerleader? 📣
On March 19, the council’s executive director, Bo Hines, dropped the bomb that a comprehensive stablecoin bill could be on the president’s desk faster than you can say “blockchain.” And the Blockchain Association is like, “We’re working on a cryptocurrency market structure bill for summer!” It’s like they’re planning the best summer blockbuster ever! 🍿
“I think we’re close to being able to get those done for August […] They’re doing a lot of work on that behind the scenes right now,” said Kristin Smith, the Blockchain Association’s CEO. Sounds like a lot of behind-the-scenes drama! 🎭
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2025-03-20 23:02