The US Securities and Stock Exchange Commission (SEC) officially announced that the Proof-of-Work (Pow) mining is not subject to securities regulations. This statement provided significant legal assurance for miners of Pow -based crypto currencies such as Bitcoin (BTC), Litecoin (LTC) and Bitcoin Cash (BCH).
Assurance came from SEC to the mining sector
This decision of the SEC allows miners to continue their activities without being stuck in securities laws. In the sector, which has been in uncertainty for a long time, this step is considered as the beginning of a new era for miners to enlarge their operations. In addition, investor strengthens the interest in Pow projects by increasing the confidence.
How did the markets react?
After the statement of the SEC, there were different movements in the markets. While large Pow assets lost value, small -scale Pow Altcoins began to rise. Bitcoin decreased by 1.4 %and decreased to $ 83.993, while Dogecoin fell to $ 0.1666 with 2.8 %loss. Bitcoin Cash decreased to 333.94 dollars with 2.5 %depreciation.
On the other hand, Nexa reached $ 0.0051496 with an increase of 18 %, while Satoxcoin and Radiant gained 7.8 %and 7.9 %, respectively. This shows that investors are turning to small Pow Altcoins from large assets.
SEC’s net attitude further strengthened Bitcoin’s position as an commodity. While price movements remained limited in large assets, investors’ interest in new Pow projects has increased significantly.
Does a new era begin in crypto currency arrangements?
This statement of the SEC is considered part of the process that progresses towards more transparent and defined regulations in the crypto currency sector. The institution has previously announced that breast coins were not accepted as securities. In addition, the termination of the Ripple case was another important turning point for the sector.
These developments show that regulatory uncertainty in the crypto currency market will decrease and inspections will now progress in clearer frameworks.
Kriptokoin.comAs we have transferred, SEC also reduced the decision of appeal in the Ripple case this week.
Is the SEC decision a positive sign for crypto markets?
SEC’s statement on Pow mining is generally considered as a positive development for the crypto money market. While miners can now operate without legal uncertainty, investors will be able to invest more safely in the new generation Pow Coins.
Although Bitcoin and large -scale Pow assets have decreased in the short term, the rise of small Pow Altcoins shows that investors have changed their long -term strategies. In terms of the future of crypto markets, these regulatory explanations are expected to increase investor interest.
