华尔街监管机构详细介绍了其围绕加密货币开采的观点，并重申，涉及矿工验证的Pow Mining并不属于《证券法》的注册要求。

在周四的一份声明中，金融监管机构解释了为什么如果加密货币矿工未向SEC注册，则为什么不会违反证券法。

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.

根据周四的公告，美国证券和校对委员会（SEC）没有计划注册加密货币矿工或对他们施加任何义务。

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.

监管机构详细介绍了其围绕加密货币开采的观点，并重申，涉及矿工验证的工作证明（POW）采矿并不属于《证券法》的注册要求。

SEC Explains Why PoW Mining Doesn't Need Registration

SEC解释了为什么POW采矿不需要注册

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

在一份声明中，金融监管机构解释了为什么如果加密货币矿工不向SEC注册，则为什么不会违反证券法。

“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.

“在本陈述中所述的情况下，与协议挖掘有关的'采矿活动'的观点不涉及1933年《证券证券法》第2（a）（1）条（《证券法》（《证券法》第3（a）条的第3（a）（a）（a）（a）（a）（证券交易所交换法第3（a）（a e Explient Actern of 1934 conting Act Act Act Act Act Act Act Act Act）的第9（a）（“证券法”），这是934年的“证券交易所法”的含义。矿业活动无需根据《证券法》在委员会上注册交易，也不需要属于《证券法》与这些采矿活动有关的豁免之一。”

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工作人员指出，POW是一种共识机制，涉及奖励在区块链网络上验证交易的矿工。比特币（BTC）是加密挖掘中POW机制的完美例子。

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

他们进一步重申，其对该细分市场的看法与自我采矿以及采矿池有关。

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.

根据声明，SEC工作人员通过使用Howey测试得出结论，该测试依赖于四个问题来确定资产是否是安全性。

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.

具体而言，该测试确定资产是否是一项投资，是否在共同企业中，投资者期望获得利润，以及它是否来自其他人的努力。

“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.

美国证券交易委员会说：“矿工的自我（或独奏）采矿并不是合理地期望从他人的企业家或管理努力中获得的利润。”

“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.”

“同样，当矿工将其计算资源与其他矿工结合起来以增加在网络上成功挖掘新盖帽的机会时，矿工就不会期望从他人的企业家或管理工作中获得利润。”

Crypto Leaders Hail SEC's Move

加密领袖冰雪sec的举动

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

对于某些加密货币领导人来说，SEC的澄清是一种祝福。

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."

数字商会主席科迪·卡伯恩（Cody Carbone）表示，澄清“给出了急需的法律确定性，并清除了在美国发展的道路”

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.

此后，比特币社区的其他加密高管和著名人物都感谢SEC，特别是专员Hester Peirce，为为比特币矿工提供了清晰度所完成的工作。领先的BTC矿工Riot Platforms（NASDAQ：RIOT）的研究副总裁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.

皮尔斯（Peirce）被称为“加密妈妈”（Crypto Mom），她领导监管机构的数字资产工作组。

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.

对于Coinbase（NASDAQ：COIN）首席法律官Paul Grewal，周四提供的清晰度“太令人耳目一新”。他同意SEC对采矿池的立场，称他们不提供证券，而仅提供“行政或部长级”服务。