SEC Clarifies PoW Mining Status, Potentially Paving Way for Altcoin ETFs

According to BlockBeats, analysts from BeInCrypto predict that the U.S. Securities and Exchange Commission (SEC) has announced that Proof-of-Work (PoW) mining does not constitute a securities issuance and is not subject to securities regulations. This regulatory clarity could increase the likelihood of approval for several altcoin ETFs by the second quarter of 2025. Litecoin, which falls under this category, is considered a strong candidate for approval. Analysts further noted that the SEC had previously declared in February that meme coins are not securities, possibly due to regulatory challenges faced by Dogecoin ETFs. The SEC might declare all these assets as non-securities to lay the groundwork for future ETF applications.