#SECGuidance
According to PANews, the U.S. Securities and Exchange Commission (SEC), through its Division of Corporation Finance, has issued a statement to clarify how federal securities laws apply to the crypto asset market. The guidance is designed to help entities understand the registration and disclosure obligations for securities tied to blockchain networks, applications, and crypto assets, particularly those classified as investment contracts.
The statement outlines key disclosure components required in filings like Regulation S-K, Form S-1, and Form 10. These include business overviews, risk disclosures, details about the securities, management backgrounds, financial information, and how smart contract code should be presented. The SEC’s guidance seeks to offer clearer direction on applying these standards to both equity and debt securities linked to crypto assets.