比特币（BTC）采矿活动不构成证券交易，美国证券交易委员会（SEC）澄清

美国证券交易委员会（SEC）阐明了其对工作证明（POW）采矿的立场，裁定比特币（BTC）采矿活动不属于根据美国法律的证券交易的定义。

The US Securities and Exchange Commission (SEC) has clarified that proof-of-work (PoW) mining activities do not fall under the definition of securities trading in the US.

美国证券交易委员会（SEC）澄清说，工作证明（POW）采矿活动不属于美国证券交易的定义。

This statement, which was eagerly awaited by the crypto community, confirms that mining operations on public, permissionless networks are not subject to securities regulations.

加密社区热切期待的这一声明证实，公共，无许可的网络的采矿业务不受证券法规的约束。

New Era For Bitcoin And Dogecoin Miners

比特币和狗狗矿工的新时代

The SEC’s decision is expected to have substantial implications for leading cryptocurrencies like Bitcoin and Dogecoin (DOGE), both of which rely on the PoW consensus mechanism to validate transactions and add new blocks to their respective blockchains.

预计SEC的决定将对像比特币和Dogecoin（Doge）等领先的加密货币产生重大影响，这两者都依赖POW共识机制来验证交易并为各自的区块链增加新的区块。

In a statement issued on Thursday, the SEC’s Division of Corporation Finance addressed concerns regarding “Protocol Mining,” concluding that these activities do not involve the “offer and sale of securities” as defined under the Securities Act of 1933.

美国证券交易委员会（SEC）的公司财务部在周四发表的声明中提出了有关“协议挖掘”的担忧，得出的结论是，这些活动不涉及1933年《证券法》所定义的“证券的要约和销售”。

“It is the Division’s view that ‘Mining Activities' do not involve the offer and sale of securities within the meaning of Section 2(a)(1) of the Securities Act and Section 3(a)(10) of the Securities Exchange Act of 1934,” the SEC noted.

SEC指出：“司的观点是，'采矿活动'不涉及《证券法》第2（a）（1）条的含义和1934年《证券交易所法》第3（a）（10）条的含义。”

This determination means that individual miners and mining pools engaged in these activities are not required to register transactions with the Commission under the Securities Act, nor do they need to fall within any exemptions from registration.

这一决定意味着，从事这些活动的个别矿工和采矿池不需要根据《证券法》在委员会中注册交易，也不需要属于任何豁免。

Trump Era Regulations

特朗普时代的法规

The SEC’s ruling is particularly important for miners who invest significant resources in computational power and energy costs to secure blockchain networks.

SEC的裁决对于在计算能力和能源成本上投入大量资源以确保区块链网络的矿工尤其重要。

The decision allows both solo miners and mining pools—where several miners combine their resources to increase their chances of earning rewards—to continue their operations without the burden of regulatory uncertainty.

该决定允许独奏矿工和采矿池（其中几个矿工结合了他们的资源来增加他们获得奖励的机会）继续他们的运营而没有监管不确定性的负担。

While the SEC did not specify particular blockchains in its statement, the ruling effectively applies to major PoW networks like Bitcoin and Dogecoin.

尽管SEC在其声明中没有指定特定的区块链，但该裁决有效地适用于比特币和Dogecoin等主要的POW网络。

The Commodity Futures Trading Commission (CFTC) has previously classified these assets as commodities rather than securities, further solidifying the regulatory landscape for these cryptocurrencies.

商品期货贸易委员会（CFTC）先前已将这些资产归类为商品，而不是证券，进一步巩固了这些加密货币的监管格局。

This clarification comes amidst a shift in the regulatory environment under US President Donald Trump, who has positioned himself as a pro-crypto leader.

在美国总统唐纳德·特朗普（Donald Trump）领导下的监管环境中发生了变化，后者将自己定位为亲克莱托普（Crypto）领导人。

Trump’s administration has aimed to make the US a global hub for blockchain and digital assets, establishing the Council of Advisers on Digital Assets to develop industry-friendly regulations.

特朗普的政府旨在使美国成为区块链和数字资产的全球枢纽，建立数字资产顾问委员会，以制定行业友好的法规。

The SEC’s confirmation that PoW mining does not constitute securities dealing may bolster confidence among investors and miners alike, signaling a move towards clearer and more favorable regulations in the cryptocurrency space.

美国证券交易委员会（SEC）的确认，即权力开采不构成证券交易可能会增强投资者和矿工之间的信心，这表明在加密货币领域朝着更清晰，更有利的法规迈进了方向。

At the time of writing, Bitcoin trades at $83,875, recording losses of up to 13% in the monthly time frame.

在撰写本文时，比特币的交易价格为83,875美元，在每月的时间范围内记录的损失高达13％。