SEC clarifies its position on proof-of-work crypto mining

SEC staff issued a statement to say that proof-of-work mining does not involve the offer and sale of securities; Commissioner Crenshaw downplays the impact.

The SEC’s Division of Corporation Finance has issued a statement that certain proof-of-work (PoW) mining activities do not constitute securities offerings under federal securities laws. 

The Division’s statement focuses on what is called “Protocol Mining” of covered crypto assets on PoW networks. This type of mining

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Weekly podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in