#SEC加密资产证券披露指南 #SEC Cryptocurrency Asset Securities Disclosure Guidelines Spark Heated Discussion! On April 10, 2025, the U.S. Securities and Exchange Commission (SEC) Division of Corporation Finance issued a statement clarifying the applicability of federal securities laws in the cryptocurrency asset market, guiding the requirements for securities issuance and registration disclosure. The guidelines cover equity and debt securities related to networks, applications, and cryptocurrency assets, as well as cryptocurrency assets as investment contracts. Issuers are required to disclose business development stages, revenue models, technical details, risk factors, smart contract code, etc., emphasizing transparency to protect investors. Users on Platform X interpret that this move may force project parties to standardize operations and eliminate the chaos of 'white paper fundraising'. Projects that did not disclose adequately in 2021 faced heavy penalties from the SEC, demonstrating the regulatory intensity. Currently, market volatility has increased, and the guidelines provide a basis for investors' decisions while opening financing windows for compliant projects. Stay calm and pay attention.