Publicly available court rulings or SEC announcements

SEC Declares Crypto Mining Devices and Bitcoin Orange Logo as Securities

Sep 25, 2024, 05:28 PM

The U.S. Securities and Exchange Commission (SEC) has declared that crypto mining devices are considered securities. This decision was confirmed by a judge who stated that the SEC has sufficiently alleged that Green Box miners, a type of computer hardware, coupled with a hosting agreement, constitute securities. The ruling comes as part of a broader effort by the SEC to regulate the crypto industry more tightly. Recently, the SEC charged Green United with fraudulently selling Green Boxes mining devices, resulting in $18 million in losses. Additionally, the SEC has also classified the Bitcoin Orange Logo as a security.