Critical Statement from the SEC on Cryptocurrency Mining

The U.S. Securities and Exchange Commission (SEC) has officially declared that cryptocurrency mining does not fall under the scope of securities offerings. In a statement released on March 20, 2025, it was emphasized that mining activities based on the proof-of-work (PoW) system are not subject to U.S. federal securities laws. This decision has brought clarity to long-standing uncertainties in the cryptocurrency sector, creating significant relief within the industry.

The statement clarified that mining does not meet the criteria of the Howey Test, which determines whether an asset qualifies as a security. According to the SEC, mining activities rely directly on individual effort and computational power, thus falling outside this definition. This ruling is expected to encourage new investments and operations in the mining sector, while still highlighting the need for further regulatory clarity regarding staking services and other crypto activities.