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Regulatory Clarity Emerges for Crypto Miners
Shares of crypto miners, including those residing in ETFs like the CoinShares Valkyrie Bitcoin Miners ETF (WGMI), often see their price action dictated by bitcoin, but there are other factors at plays. One factor is the regulatory environment. The industry itself is young, but has encountered myriad regulatory resistance over the years. The implication there is that miners, including WGMI holdings, can derive benefit from added regulatory clarity. Some of that recently emerged when the Securities and Exchange Commission noted proof-of-work (PoW) mining activities aren’t considered securities trading. That’s ... (full story)
