SEC: Individual and collective mining activities are not considered securities trading

According to BlockBeats, on March 21st, according to the "Statement on Certain Proof of Work Mining Activities" released by the US SEC today, the SEC's corporate finance department believes that individual and collective (so-called proof of work types) mining activities are not considered securities trading. According to the Howey Test, miners do not rely on the efforts of others to earn profits, but rather receive rewards through their own computational contributions to the network.