Best Crypto to Buy Now as SEC Confirms Proof-of-Work Crypto Mining Is Not a Security 🇨🇭
The SEC has provided clarity for investors by confirming that proof-of-work crypto mining does not classify as a security. This decision is welcomed by many in the industry but contrasts with the skepticism shown by institutions like the Swiss National Bank.
While some, like Donald Trump, see potential in establishing a crypto strategic reserve, the Swiss National Bank remains cautious. They cite large price swings, legal uncertainties, and software vulnerabilities as reasons for their hesitation in adopting cryptocurrencies for their reserves.
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