華爾街監管機構詳細介紹了其圍繞加密貨幣開采的觀點，並重申，涉及礦工驗證的Pow Mining並不屬於《證券法》的註冊要求。

在周四的一份聲明中，金融監管機構解釋了為什麼如果加密貨幣礦工未向SEC註冊，則為什麼不會違反證券法。

The U.S. Securities and Proofreading Commission (SEC) has no plans to register crypto miners or place any obligation on them to do so, according to an announcement Thursday.

根據周四的公告，美國證券和校對委員會（SEC）沒有計劃註冊加密貨幣礦工或對他們施加任何義務。

The regulator went into detail on its views around cryptocurrency mining, and reiterated that Proof-of-Work (PoW) mining, which involves miner validation, does not fall under the registration requirements of the Securities Act.

監管機構詳細介紹了其圍繞加密貨幣開采的觀點，並重申，涉及礦工驗證的工作證明（POW）採礦並不屬於《證券法》的註冊要求。

SEC Explains Why PoW Mining Doesn't Need Registration

SEC解釋了為什麼POW採礦不需要註冊

In a statement, the financial regulator explained why there is no securities laws violation if crypto miners don't register with the SEC.

在一份聲明中，金融監管機構解釋了為什麼如果加密貨幣礦工不向SEC註冊，則為什麼不會違反證券法。

“It is the Division’s view that ‘Mining Activities’ (defined in this statement) in connection with Protocol Mining, under the circumstances described in this statement, do not involve the offer and sale of securities within the meaning of Section 2(a)(1) of the Securities Act of 1933 (the ‘Securities Act’) and Section 3(a)(10) of the Securities Exchange Act of 1934 (the ‘Exchange Act). [9] Accordingly, it is the Division’s view that participants in Mining Activities do not need to register transactions with the Commission under the Securities Act or fall within one of the Securities Act’s exemptions from registration in connection with these Mining Activities,” it said.

“在本陳述中所述的情況下，與協議挖掘有關的'採礦活動'的觀點不涉及1933年《證券證券法》第2（a）（1）條（《證券法》（《證券法》第3（a）條的第3（a）（a）（a）（a）（a）（證券交易所交換法第3（a）（a e Explient Actern of 1934 conting Act Act Act Act Act Act Act Act Act）的第9（a）（“證券法”），這是934年的“證券交易法”的含義。礦業活動無需根據《證券法》在委員會上註冊交易，也不需要屬於《證券法》與這些採礦活動有關的豁免之一。”

SEC staff pointed out how PoW, a consensus mechanism that involves rewarding miners who validate transactions on a blockchain network. Bitcoin (BTC) is the perfect example of the PoW mechanism in crypto mining.

SEC工作人員指出，POW是一種共識機制，涉及獎勵在區塊鍊網絡上驗證交易的礦工。比特幣（BTC）是加密挖掘中POW機制的完美例子。

They further reiterated that its views on the segment pertain to self or solo mining, and mining pools.

他們進一步重申，其對該細分市場的看法與自我採礦以及採礦池有關。

According to the statement, the SEC staff came up with its conclusion by using the Howey Test, which relies on four questions to determine if an asset is a security or not.

根據聲明，SEC工作人員通過使用Howey測試得出結論，該測試依賴於四個問題來確定資產是否是安全性。

Specifically, the test determines if the asset is an investment, if it is within a common enterprise, if the investor is expecting profits, and if it is derived from the efforts of other people.

具體而言，該測試確定資產是否是一項投資，是否在共同企業中，投資者期望獲得利潤，以及它是否來自其他人的努力。

“A miner’s Self (or Solo) Mining is not undertaken with a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others,” the SEC said.

美國證券交易委員會說：“礦工的自我（或獨奏）採礦並不是合理地期望從他人的企業家或管理努力中獲得的利潤。”

“Likewise, when a miner combines its computational resources with other miners to increase their chances of successfully mining new blocks on the network, the miner has no expectation of profit derived from the entrepreneurial or managerial efforts of others.”

“同樣，當礦工將其計算資源與其他礦工結合起來以增加在網絡上成功挖掘新蓋帽的機會時，礦工就不會期望從他人的企業家或管理工作中獲得利潤。”

Crypto Leaders Hail SEC's Move

加密領袖冰雪sec的舉動

For some crypto leaders, the SEC's clarification is a blessing.

對於某些加密貨幣領導人來說，SEC的澄清是一種祝福。

The Digital Chamber President Cody Carbone said the clarification "gives much-needed legal certainty and clears the path for the mining industry to grow in the U.S."

數字商會主席科迪·卡伯恩（Cody Carbone）表示，澄清“給出了急需的法律確定性，並清除了在美國發展的道路”

Other crypto executives and prominent figures in the Bitcoin community have since thanked the SEC, specifically Commissioner Hester Peirce, for the work accomplished in providing clarity for Bitcoin miners. Pierre Rochard, the VP of Research at leading BTC miner Riot Platforms (NASDAQ:RIOT), is one among them.

此後，比特幣社區的其他加密高管和著名人物都感謝SEC，特別是專員Hester Peirce，為為比特幣礦工提供了清晰度所完成的工作。領先的BTC礦工Riot Platforms（NASDAQ：RIOT）的研究副總裁Pierre Rochard是其中之一。

Peirce is dubbed as "Crypto Mom" and she leads the regulatory agency's task force on digital assets.

皮爾斯（Peirce）被稱為“加密媽媽”（Crypto Mom），她領導監管機構的數字資產工作組。

For Coinbase (NASDAQ:COIN) Chief Legal Officer Paul Grewal, the clarity provided on Thursday "is so refreshing." He agreed with the SEC's stance on mining pools, saying they don't offer securities and instead only offer "administrative or ministerial" services.

對於Coinbase（NASDAQ：COIN）首席法律官Paul Grewal，週四提供的清晰度“太令人耳目一新”。他同意SEC對採礦池的立場，稱他們不提供證券，而僅提供“行政或部長級”服務。