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).
