SEC flags Bitcoin miner hosting services as subject to securities laws - Source: CoinTelegraph

The US Securities and Exchange Commission has flagged in a lawsuit that third-party Bitcoin mining hosting services can be a securities offering, a position strongly opposed by one industry executive.

The SEC sued the Bitcoin mining company VBit and its founder, Danh Vo, in a Delaware federal court on

Wednesday, accusing them of fraud and misappropriating around $48 million in investor funds between 2018 and 2022 by selling a greater number of hosting agreements than there were mining rigs.

Story continues: https://cointelegraph.com/news/sec-says-hosted-btc-mining-subject-to-securities-laws