Exemptions

SEC Clarifies Crypto Mining Status, Exemptions from Securities Registration Confirmed

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Washington, D.C. — In a significant announcement from the U.S. Securities and Exchange Commission (SEC), operators involved in proof-of-work cryptocurrency mining received official confirmation that their activities do not fall under federal securities laws. This clarification, aimed at dispelling uncertainties within the rapidly evolving sector, exempts these operators from the requirement to register their transactions with the regulatory body. Released by the SEC’s Division of Corporation Finance, the recent statement indicates that both individual and pooled arrangements for proof-of-work crypto mining are not considered securities transactions. This determination is based on the Howey Test, a … Read more

Leno’s Law: New Bill Proposes Smog Check Exemptions for California’s Classic Cars

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SACRAMENTO, Calif. — Owners of vintage vehicles in California could soon see relief from stringent smog-check regulations that make owning newer classic cars more challenging. Senate Bill 712, currently under consideration, aims to amend the state’s existing vehicle emissions laws to exempt classic cars that are 35 years old or older. The legislation, spearheaded by State Sen. Shannon Grove of Bakersfield, seeks to reinstate a rolling exemption, which has not been updated since 2005. As it stands now, only vehicles from the 1975 model year or earlier are exempt from smog checks. The proposed change … Read more

Madison Community Members and FFRF Challenge Religious Tax Exemptions in Court

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Madison, WI — A legal challenge is fermenting in the heart of Madison where a lawsuit was initiated on Jan. 14 by the Freedom From Religion Foundation (FFRF) along with three city residents. The suit aims to eliminate the religious tax exemptions granted to two student housing centers, citing a potential breach of the Wisconsin Constitution. At the center of this controversy are the Presbyterian Student Center Foundation and St. Raphael’s Congregation. The Presbyterian Student Center Foundation runs the Pres House Apartments located on East Campus Mall, while the St. Raphael’s Congregation operates the Lumen … Read more

Alabama Supreme Court Grants Jury Duty Exemptions for Breastfeeding Mothers

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BIRMINGHAM, Ala. — Following recent public outcry from local mothers, the Alabama Supreme Court has ruled that nursing mothers are now eligible for exemptions from jury duty. This landmark decision arrives after two Jefferson County women highlighted the challenges breastfeeding mothers face when called for civic duties. The outcome is set to change the current landscape for maternal rights in the state. Previously, in 2022, a bill proposing similar exemptions was introduced but failed to progress to a vote. However, the Supreme Court’s latest ruling clearly states that a nursing mother with an infant is … Read more