This week, I talked to with Greg Beard, chief executive at Stronghold Digital Mining SDIG, -7.22%, to find out how crypto miners are doing.Mining stocks, a safer choice? In the face of mounting regulatory pressure, bitcoin mining stocks could be a safer option than many cryptocurrencies and some other crypto-related equities, such as Coinbase COIN, -4.35%, for investors seeking digital asset exposure, according to Beard.
If a company is “trying to attract millions of retail users using banking-like activities around crypto and arguing that they are not subject to regulation because they are in crypto, not in dollars or in stocks or bonds, I think that’s a losing argument,” Beard said. To be sure, the bitcoin mining industry also faces growing regulatory scrutiny, especially as its extensive energy consumption draws attention. In November, New York enacted a temporary ban on new crypto mining permits at fossil fuel plants.
Coinbase wins approval for crypto futures trading Coinbase on Wednesday said it won approval from the National Futures Association to offer crypto futures trading to its customers.
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