William Brannan

2 weeks ago | mondaq.com | Ethan Silver |Ryne Miller |William Brannan |Trevor Levine

The SEC's Division of Corporation Finance (the Division)has released a statement expressing its view thatcertain proof-of-work network mining activities do not involve theoffer and sale of securities and therefore participants do not needto register transactions with the SEC under the Securities Act of1933. Key Points:The Division's statement specifically addresses the miningof crypto assets that are intrinsically linked to the programmaticfunctioning of a public, permissionless network.