Mintage Mining's Fake Compliance Claims Are Falling Apart
Mintage Mining is selling investors a dangerous lie: that their cryptocurrency mining contracts are SEC compliant. They're not, and regulators still aren't acting.
For months, the company and its affiliates have plastered their marketing materials with claims of regulatory legitimacy. They've cited Jones Day lawyers as backing their operation—a red herring, since the SEC uses its own in-house counsel for enforcement actions. The real story is that the SEC has done nothing to stop Mintage Mining despite mounting evidence of illegal securities offerings.
The company operates through Nui and pitches affiliates on mining contracts that promise weekly passive returns over 52 weeks. None of it is registered with the SEC. That's the same violation that got USI-Tech shut down in Texas last December, yet the company's promoters keep arguing they're different.
Scott Brewster is the face of this bait-and-switch. He originally promoted Bitqyck, an unregistered securities offering he justified by claiming the company would operate offshore. When US regulators investigated Bitqyck anyway—turns out moving an illegal operation overseas doesn't fool anyone—Brewster pivoted to Mintage Mining.
On June 13th, Brewster posted a Facebook list of ten reasons why Mintage Mining is "totally different" from companies that were shut down. The arguments collapse under basic scrutiny.
His first claim: Mintage Mining makes zero guarantees about returns. This misses the point entirely. USI-Tech and others weren't crushed because they made promises about income. They were shut down for offering unregistered securities to US residents. Guarantees are irrelevant to securities fraud.
His second claim: the company doesn't pool money or revenue share, which he says the SEC has "frowned upon." Wrong again. The SEC doesn't frown on revenue sharing models—it cracks down on securities fraud. How money gets funneled doesn't matter. What matters is whether a security is being offered and whether the seller is registered to sell it.
In Mintage Mining's case, a passive ROI on an investment is a security by definition. A contract promising regular returns on invested capital hits every marker. The company isn't registered. Its principals aren't registered. The offering is illegal.
Brewster's marketing playbook reflects desperation. As regulators have cracked down on similar schemes over the past six months, MLM cryptocurrency operators have scrambled to distance themselves from busted competitors. The claims are getting thinner and more transparently dishonest.
The real question isn't whether Mintage Mining differs from USI-Tech in operational details. It's why the SEC remains asleep while another unregistered securities scheme recruits investors and pays commissions to promoters like Brewster. The pattern is clear. The regulator's response remains invisible.
🤖 Quick Answer
What are the compliance claims made by Mintage Mining regarding cryptocurrency mining contracts?Mintage Mining has marketed its cryptocurrency mining contracts as SEC compliant, citing Jones Day lawyers as regulatory backing. However, these contracts, offered through affiliates like Nui, promise weekly passive returns over 52 weeks without SEC registration, raising questions about their legal legitimacy and regulatory status.
Why are regulatory concerns raised about Mintage Mining's business model?
Regulatory concerns arise because Mintage Mining's mining contracts are not registered with the SEC despite being marketed to investors. The company's claims of compliance lack substantiation, and the SEC has not taken enforcement action despite reported evidence of potentially illegal securities offerings in the cryptocurrency sector.
What is the significance of Jones Day's involvement in Mintage Mining's marketing?
Jones Day's mention in Mintage Mining's marketing materials is presented as evidence of regulatory legitimacy. However, critics argue this
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