The U.S. Securities and Exchange Commission (SEC) has issued a statement via its Division of Corporation Finance to provide clarity on how federal securities laws apply to the cryptocurrency market. The guidance outlines registration and disclosure obligations for securities tied to blockchain networks, applications, and crypto assets—particularly those classified as investment contracts.
The SEC’s statement highlights essential disclosure components in filings such as Regulation S-K, Form S-1, and Form 10. These include details on business operations, risk factors, security features, management background, financial statements, and even smart contract code presentation. The guidance seeks to clarify how these regulatory standards apply to crypto asset-related equity and debt securities.
