If you're in blockchain, finance, or just love decoding crypto regulation, this episode is for you.
On the latest Blockchain Finance Podcast, I break down two major developments from the SEC that could reshape how the U.S. approaches the digital assets industry:
- Proof-of-Work Mining (Solo mining or mining pool) = NOT Securities : On March 20, the SEC’s Division of Corporation Finance made it official: solo and pooled PoW mining activities don’t require SEC registration. That’s a green light for miners—and a regulatory breath of fresh air.
- Stablecoins (Certain Ones) = Also NOT Securities : Specifically, “Covered Stablecoins”—those pegged 1:1 to the USD—do not meet the criteria of securities under the Howey or Reves tests.
What does this mean?
- Builders can build without fear of retroactive enforcement.
- Certain POW Miners can operate without SEC registration.
- Issuers of certain stablecoins now have a blueprint for staying compliant.
And the bigger story? These aren’t one-offs. From rescinding SAB 121 to public statements about ending “gotcha” regulation, the SEC is pivoting—from enforcement to regulatory clarity.
Whether you're a miner, developer, investor, or policy nerd—this episode is packed with insights you can actually use.
00:46 - SEC Statement on Certain PoW Mining Activities
07:35 - SEC Statement on Stablecoins
19:30 - Conclusion
