Source - LSE Non-Regulatory
RNS Number : 3086U
Vinanz Limited
22 January 2025
 

22 January 2025

 

THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN VINANZ LIMITED IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

 

Vinanz Limited

("Vinanz" or "the Company")

 

US Government launches Crypto 2.0 Task Force

 

London, New York, January 22, 2025, Vinanz Limited (LSE: BTC in London and US OTCQB: VINZF), the London Stock Exchange listed Bitcoin mining company with US and Canadian Bitcoin mining operations, welcomes the new US Governments initiative to develop a comprehensive and clear regulatory framework for crypto assets, in the first major move by President Donald Trump's new administration to overhaul crypto policy.

 

Announced from Washington, D.C. yesterday 21 January 2025, the US Government's SEC announced that Acting Chairman Mark T. Uyeda launched a crypto task force dedicated to developing a comprehensive and clear regulatory framework for crypto assets. Commissioner Hester Peirce will lead the task force. Richard Gabbert, Senior Advisor to the Acting Chairman, and Taylor Asher, Senior Policy Advisor to the Acting Chairman, will serve as the task force's Chief of Staff and Chief Policy Advisor, respectively.

 

The full SEC statement here: https://www.sec.gov/newsroom/press-releases/2025-30

 

The SEC statement stated:

 

"Drawing from talented staff across the agency, the Task Force will collaborate with Commission staff and the public to set the SEC on a sensible regulatory path that respects the bounds of the law. To date, the SEC has relied primarily on enforcement actions to regulate crypto retroactively and reactively, often adopting novel and untested legal interpretations along the way. Clarity regarding who must register, and practical solutions for those seeking to register, have been elusive. The result has been confusion about what is legal, which creates an environment hostile to innovation and conducive to fraud. The SEC can do better.

 

The Task Force's focus will be to help the Commission draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously.

 

The Task Force will operate within the statutory framework provided by Congress and will coordinate the provision of technical assistance to Congress as it makes changes to that framework. The Task Force will coordinate with federal departments and agencies, including the Commodity Futures Trading Commission, and state and international counterparts.

 

"I look forward to the efforts of Commissioner Peirce to lead regulatory policy on crypto, which involves multiple SEC divisions and offices," said Acting Chairman Uyeda.

 

"This undertaking will take time, patience, and much hard work. It will succeed only if the Task Force has input from a wide range of investors, industry participants, academics, and other interested parties. We look forward to working hand-in-hand with the public to foster a regulatory environment that protects investors, facilitates capital formation, fosters market integrity, and supports innovation," stated Commissioner Peirce.

 

The Task Force anticipates holding roundtables in the future, but in the meantime welcomes public input at Crypto@sec.gov."

 

David Lenigas, Chairman of Vinanz, commented:


"This is a new dawn for the future acceptability of Bitcoin as a real asset class, and we at Vinanz are encouraged by this meaningful first step towards creating real policy solutions from the US SEC. Much of the world's financial markets and regulators looks towards the US for future policy moves and this is a very positive move for companies operating in the Bitcoin sector. A positive outcome here with US Government supporting Crypto can only be seen as very positive for Bitcoin mining and holding companies like Vinanz and encourages shareholders to engage in the public input channels provided."

 

For further information please contact:

 

Vinanz Limited

David Lenigas                                      david@vinanz.co.uk

Jeremy Edelman                                  jeremy@vinanz.co.uk

 

First Sentinel (Corporate Adviser)

Brian Stockbridge                                brian@first-sentinel.com

                                                            +44 (0) 20 3855 5551

 

Clear Capital Markets (Broker)

Bob Roberts                                         bobroberts@clear-cm.co.uk

                                                            +44 (0) 20 3869 6080

About Vinanz Limited

 

Vinanz's primary listing is in London (United Kingdom) on the London Stock Exchange under the ticker BTC and trades in the USA on the US OTCQB under the ticker VINZF. Vinanz is building up a strategic Bitcoin holding by building a Bitcoin mining company installing miners within hosting facilities throughout the USA and Canada through third-party cryptocurrency mining providers. Currently, Vinanz operates Bitcoin miners in Indiana, Iowa, Nebraska and Texas in the USA and in Labrador (Canada).

 

 

 

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