#SECGuidance

The SEC issues guidance on the registration and disclosure of cryptocurrency asset securities

AI Summary

According to PANews, the U.S. Securities and Exchange Commission (SEC) has released a statement through its Division of Corporation Finance to clarify the application of federal securities laws in the cryptocurrency asset market. This guidance aims to assist with the registration and disclosure requirements for securities related to networks, applications, and cryptocurrency assets, including those that are part of investment contracts.

The statement addresses key disclosure elements in documents such as Regulation S-K, Form S-1, and Form 10. These elements include descriptions of the business, risk factors, characteristics of the securities, management information, financial statements, and the presentation of the smart contract code. The SEC's guidance is intended to provide clarity on how these requirements apply to equity and debt securities associated with cryptocurrency assets.