The U.S. Securities and Exchange Commission (SEC) under a new leadership on Thursday clarified its stance on Proof-of-Work (PoW) mining operations, saying "mining activities" as defined in its statement do not need to register with the Commission, effectively removing them from the list of activities subject to securities laws. The Wall Street regulator went into detail on its views around cryptocurrency mining, and reiterated that PoW mining, which involves miner validation, does not fall under the registration requirements of the Securities Act.

• The U.S. SEC confirms that Proof-of-Work (PoW) mining activities do not fall under securities regulations, providing regulatory clarity for miners. • Despite adding 1.7% in market cap, major PoW assets like Bitcoin and Dogecoin posted losses as investors rotated funds into lower-cap PoW altcoins. • Lower-cap PoW coins led gains with Nexa, Lightning Bitcoin, and Metaverse ETP outperformed all top 10 ranked PoW assets. On Thursday, the U.S.

Proof-of-work cryptocurrency mining does not trigger federal securities laws, according to a Thursday staff statement from the U.S. Securities and Exchange Commission (SEC) which told mining operators they do not need to register their transactions with the regulator.