Genesis Mining was served with a cease and desist order from South Carolina, Is this the end of cloud mining contracts in the US?
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The securities commission in South Carolina has decided that cloud mining contracts are securities, and have now sent a cease and desist order to Genesis Mining & Swiss Gold Global. Swiss Gold Global was selling the contracts in South Carolina, but they do not have a securities license to do so.
What do you think? Are cryptocurrency mining contracts securities, or should they be treated like one? Let us know in the comments below.
