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max_maserati base.eth
@maxmaserati
The SEC has clarified (https://www.sec.gov/newsroom/speeches-statements/statement-certain-proof-work-mining-activities-032025) that mining and mining pool activities under the PoW mechanism do not qualify as securities offerings. According to the statement, Protocol Mining on PoW networks solely involves contributing computational resources rather than depending on the entrepreneurial or managerial efforts of others. As a result, it does not meet the Howey Test criteria for an investment contract.
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