SEC Says Third-Party Bitcoin Mining Services Are Securities Offerings in New Lawsuit

The Trump SEC has revealed at least one crypto-related service it considers to be a securities offering, at least in some cases: third-party Bitcoin mining. In a new lawsuit filed Wednesday, the regulator accused Danh C Vo of Philadelphia, founder of Bitcoin mining firm VBit, with offering illegally unregistered securities. In addition to selling customers Bitcoin mining rigs, VBit also offered a hosting service in which customers would buy a stake in the company’s mining operations and—with VBit operating ...