#SEC加密资产证券披露指南 The US SEC just dropped a bombshell — all cryptocurrency security issuers must disclose information like publicly listed companies! The new rules require project teams to disclose:

🔥 Technical secrets: Smart contract audit reports, on-chain governance permissions, and even Gas fee mechanisms

💣 Interest black box: Team token allocation ratios, DAO treasury usage records, and related transaction lists

📉 Death risks: Must self-disclose "more than 30 potential hazards that could lead to investors losing all their money"

The harshest part is this: using the Howey test "litmus test" — any token with "expected returns" characteristics will be classified as securities! Already, 12 DeFi projects have revised their white papers overnight.

Survival guide for investors:

✅ Recognize SEC filing numbers (Form S-1/Form 10)

✅ Check third-party audit reports (CertiK + Chainalysis dual certification)

⚠️ Beware of "completely decentralized" rhetoric — the SEC has already targeted 21 anonymous teams

2025 crypto market reshuffle: Either be transparent or disappear!